Lightpath, which operates over 18,000 route miles of fiber in the New York metropolitan region, announced its entrance into the Boston market via the acquisition of three fiber networks.
Cambridge Network Solutions (CNS), a second area connectivity provider, and the purchase of fiber network assets from Hub Fiber. The CNS and the second acquisitions have closed, while the Hub Fiber purchase is expected to close within 30 days. Financial terms were not disclosed.
Together, the three propertiews represent 80 route miles of in-place, high-count fiber network reaching over 100 locations, including 12 area data centers, throughout Boston, Cambridge, Somerville, Waltham, Burlington, Billerica, Bedford, and Lowell. Additionally, Lightpath's network in the region will be connected to its New York Metro network, expanding on the company's existing 18,000 route miles of fiber serving over 12,000 locations.
"Greater Boston is a perfect expansion area for Lightpath, with its robust technology and biotech industries, financial services sector, world leading universities and research institutes, tech-savvy governments, and other enterprise businesses," stated Chris Morley, Lightpath's CEO. "This is the first step for Lightpath expanding beyond the NY Metro region after reliably serving thousands of customers there for over 30 years. We are excited to bring our network, connectivity solutions, and innovative customer service approach to more organizations. These acquisitions will help us hit the ground running, and we will be able to start serving new customers right away."
Altice USA owns a 50.01% controlling interest in Lightpath and Morgan Stanley Infrastructure Partners (MSIP) owns 49.99% of the company.
https://lightpathfiber.com/
