MSIP to acquire a 49.99% stake in Lightpath fiber business of Altice USA for $3.2bn.

Morgan Stanley Infrastructure Partners, agreed to acquire a 49.99% stake in Lightpath fiber business of Altice USA, a broadband services provider, for $3.2bn. The introduction of MSIP as a strategic investor will support ongoing and new growth initiatives at Lightpath, improve operational performance and provide strategic and financial flexibility, enabling Lightpath to focus on the distinct opportunities for value creation and long-term growth. “Lightpath is an expansive and best-in-class enterprise fiber communications business with tremendous long-term potential. Bringing in a strategic investor allows Altice USA to focus on operating our core businesses while infusing the capital needed to grow Lightpath and maximize shareholder value. We are pleased to partner with MSIP, a leading investor in telecommunications infrastructure with deep operational and management expertise, to propel Lightpath and unlock its future potential,” Dexter Goei, Altice CEO.