Altice USA Announces Closing of Sale of 49.99% of Lightpath Fiber Enterprise Business to Morgan Stanley Infrastructure Partners
Altice USA (NYSE: ATUS) has finalized the sale of 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners for an implied enterprise value of $3.2 billion. Altice USA retains a 50.01% stake, maintaining control over Lightpath, which serves the greater New York Metropolitan region. The partnership aims to enhance operational performance and strategic flexibility, allowing Altice USA to focus on growth initiatives and providing advanced broadband services to enterprise customers.
- Sale of 49.99% of Lightpath for an implied enterprise value of $3.2 billion demonstrates strong market interest.
- Altice USA retains control with a 50.01% interest in Lightpath, ensuring continued influence over strategic decisions.
- Partnership with Morgan Stanley Infrastructure Partners supports growth initiatives and operational improvements for Lightpath.
- None.
NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces it has closed the previously announced sale of
“We are pleased to have closed this transaction and partner with Morgan Stanley Infrastructure Partners to support ongoing and new growth initiatives, improve operational performance and provide strategic and financial flexibility for Lightpath,” said Dexter Goei, Chief Executive Officer, Altice USA. “This partnership enables us to focus on distinct opportunities for value creation and long-term growth for Lightpath while continuing to provide best-in-class products and services to enterprise customers.”
Lightpath is a fiber-based bandwidth technology platform enabling businesses in the greater New York Metropolitan region to innovate on emerging systems-based applications. Delivering advanced broadband, voice, security, and managed services with
About Altice USA
Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to more than 5 million residential and business customers across 21 states through its Optimum and Suddenlink brands. The company operates a4, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar and i24NEWS networks.
About Morgan Stanley Infrastructure Partners
Morgan Stanley Infrastructure Partners (“MSIP”) is a leading global infrastructure investment platform, targeting assets that provide essential services with the potential for value creation through active asset management. Founded in 2006, MSIP has made 30 investments across three global funds with more than
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