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Lightpath Acquires WANRack's Phoenix Business

1. Lightpath acquired WANRack's assets in Phoenix, adding 133 miles of fiber. 2. The acquisition increases Lightpath's network footprint to 363 route miles. 3. Lightpath aims for completion of infrastructure by end of 2026. 4. Investment targets growth in fiber connectivity for high-demand markets. 5. Strategic expansion aligns with increasing bandwidth requirements in Phoenix.

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FAQ

Why Bullish?

The strategic acquisition boosts Lightpath's market position and network capabilities. Historical acquisitions suggest similar expansions often lead to enhanced revenue streams.

How important is it?

The acquisition directly affects Altice USA's financial outcomes, enhancing its value proposition in a growing market. Long-term revenue opportunities present a compelling reason for investor interest.

Why Long Term?

Completion and operational efficiencies from this acquisition may take time to fully materialize. Long-term growth prospects look favorable as data demand increases.

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Acquisition Accelerates Lightpath's Entrance into the Phoenix Market with 133 Route Miles of Operating Network and In Place Construction Capabilities, /PRNewswire/ -- Lightpath, an all fiber, infrastructure based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the company has completed the acquisition of WANRack's network assets and customers in the Phoenix metropolitan market. This acquisition adds 133 route miles of fiber, including diverse paths between the Goodyear data center ecosystem and metro Phoenix carrier hotel facilities, accelerating Lightpath's service readiness and expansion in the region. Lightpath acquires WANRack, adds 133 route miles of fiber, including diverse paths between the Goodyear data center ecosystem and metro Phoenix carrier hotel facilities, accelerating Lightpath’s service readiness and expansion in the region. When complete, 10 key data centers will be connected via underground, multi-duct conduit systems, linking emerging data center hubs in Goodyear, Buckeye, Chandler, Glendale, Mesa, and Tempe to Phoenix’s primary carrier exchange ecosystem. In conjunction with Lightpath's recent Phoenix market entry announcement, the integration of WANRack's assets increases Lightpath's total network footprint in the market to 363 route miles. Upon construction completion, this infrastructure will connect 10 key data centers via underground, multi-duct conduit systems, linking emerging data center hubs in Goodyear, Buckeye, Chandler, Glendale, Mesa, and Tempe to Phoenix's primary carrier exchange ecosystems. Beyond the 10 planned connected data centers, the network will be strategically positioned near more than 30 additional single and multi-tenant data center campuses. While Lightpath is already service ready on 133 miles of acquired fiber, additional high priority network segments will be constructed in Q2 2025, with full network completion targeted by the end of 2026. "WANRack's Phoenix business is a perfect fit with Lightpath's recent market entry and provides a solution for solving our strategic customer's near-term requirements," explained Rachel Stack, CFO, Lightpath. "This transaction demonstrates our creative problem solving and commitment to innovative solutions in response to customer challenges." "Phoenix represents a strategic and growing market for Lightpath as we look to provide critical fiber infrastructure to customers with intensive bandwidth requirements", stated Tim Haverkate, EVP, Major Infrastructure Solutions, Lightpath. "We look forward to partnering with WANRack's customers to serve their growing connectivity needs and expanding Lightpath's fiber infrastructure and customer relationships across Phoenix."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. Lightpath is jointly owned by Altice USA (NYSE: ATUS) and Morgan Stanley Infrastructure Partners.Follow Lightpath on LinkedIn. For more information, please visit lightpathfiber.com.For Lightpath Media Inquiries:JSA for Lightpath1-866-695-3629[email protected]SOURCE Lightpath WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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