Altice USA closes 49.99% sale of B2B unit Lightpath

9 Dec 2020

Altice USA closed the previously announced sale of 49.99% of its Lightpath fibre enterprise business on 1 December. The stake was sold to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of USD3.2 billion. Altice USA will retain a 50.01% interest in Lightpath and maintain control of the company. As of 30 September 2020, Lightpath’s fibre network powered 11,700 connected buildings across more than 18,600 route miles.

United States, Altice Business (Lightpath), Altice USA (incl. Optimum, Suddenlink)