Lightpath Will Add Geographically Diverse,
High-Fiber Count Network Between New York City and Ashburn, VA, and Increase Serviceable Market
in Manhattan by over 20%
NEW
YORK, June 10, 2024 /PRNewswire/ -- Lightpath,
an all-fiber, infrastructure-based connectivity provider
revolutionizing how organizations connect to their digital
destinations, announced the company has signed a definitive
agreement to acquire substantially all of the assets of United
Fiber and Data. The transaction is subject to regulatory approvals
and is expected to close in the third quarter of
2024.
United Fiber and Data (UFD) owns and operates a unique and
diverse 323-route mile, high-fiber count network between
New York City and Ashburn, VA, connecting the largest population
center in the country with the largest data center and cloud
ecosystem in the world. UFD also owns a 79-route mile metro network
in New York City and New Jersey, including connectivity to over 350
enterprise and data center locations and a high-fiber count
crossing of the Hudson River, which will add capacity to
Lightpath's three existing Hudson River crossings.
UFD's New York
City-Ashburn network offers
high-fiber counts, the latest optical technologies from Ciena, and
will support dark fiber, Ethernet, and wavelengths up to 800 Gbps.
This unique network is geographically diverse from typical
long-haul routes along the I-95 corridor and will enhance
Lightpath's network of over 20,000 route miles, connecting over
15,000 service locations, including over 140 data centers and 7
cable landing stations. The combination of networks will allow
Lightpath to offer geographically diverse, high-capacity services
from commercial enterprise buildings, cable landing stations, and
data centers along the east coast, directly to the Ashburn ecosystem.
"The addition United Fiber & Data is a natural extension of
Lightpath's expansive Greater New York
City Metropolitan fiber assets, increasing our ability to
serve high-capacity customer needs into the Ashburn data center ecosystem and further
enhancing our Manhattan metro
coverage where we will serve nearly 1,500 enterprise and data
center destinations, a 5x increase over the past 3 years," stated
Chris Morley, CEO of Lightpath.
"This represents a continuation of Lightpath's strategic investment
thesis of creating critical fiber infrastructure in attractive and
high growth markets for the benefit of our Enterprise, Hyperscale,
and Wholesale customers."
UFD customers will gain access to the entire Lightpath network
as well as the entire service portfolio, including Wavelengths,
Ethernet, Internet, Private Networks, Dark Fiber, LP FlexNet,
Voice, Security Solutions, and other Managed Services.
Additionally, customers will be able to utilize Lightpath services
to connect to over 140 data centers, 7 cable landing stations, and
all major cloud providers.
For more information about Lightpath, please visit
lightpathfiber.com and follow us on LinkedIn.
About Lightpath:
Lightpath is revolutionizing how customers connect to their
digital destinations by combining our next-generation network with
our next-generation customer service. Lightpath's advanced
fiber-optic network offers a comprehensive portfolio of
custom-engineered connectivity solutions with unparalleled
performance, reliability, and security. Our consultative customer
service means we work with you to design, deliver, and support the
solution for your unique needs, faster and more easily than ever
before. For over 30 years, thousands of enterprises, governments,
and educators have trusted Lightpath to power their organization's
innovation. Altice USA (NYSE:
ATUS) owns a 50.01% interest in Lightpath and Morgan Stanley
Infrastructure Partners (MSIP) owns 49.99% of the Company.
To learn how Lightpath can connect you to your digital
destinations, visit lightpathfiber.com
For media inquiries:
JSA for Lightpath
1-866-695-3629 ext. 13
jsa_lightpath@jsa.net
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SOURCE Lightpath