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Lightpath Closes Acquisition of United Fiber & Data Assets

1. Lightpath acquires United Fiber and Data's assets to expand its network. 2. New LightCube data centers aim to meet demand for edge computing and AI. 3. NYC-Ashburn route features lowest latency and diverse connectivity options. 4. Demand on the new route has surged, with 25% already under contract. 5. Lightpath is pursuing further growth to support hyperscaler and enterprise needs.

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FAQ

Why Bullish?

Lightpath's asset acquisition strengthens ATUS's position and potential revenue streams. Historical investments in infrastructure have positively impacted stock valuations.

How important is it?

This is important as it impacts Lightpath, which is co-owned by ATUS, enhancing market competitiveness.

Why Long Term?

The expansion of Lightpath's infrastructure is expected to foster lasting growth. Companies in similar sectors typically see sustained benefits from strategic acquisitions.

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Company Introduces LightCube Edge Data Centers and Plans to Construct 4 Units Along NYC-Ashburn Route to Address Demand from Edge Compute and Other AI-Related Projects , /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the company has closed the transaction to acquire substantially all of the assets of United Fiber and Data (UFD). The company also introduced LightCube Edge Data Centers that will be first deployed along its NYC-Ashburn strategic network route. Maps of Combined Lightpath and UFD Networks Artist Rendering of a LightCube Edge Data Center The asset additions elevate Lightpath's position in the digital infrastructure industry and expand its reach in the New York Metro and Ashburn markets. Lightpath adds the geographically diverse, 323-mile NYC-Ashburn route, as the company continues to amass new and unique route options between these markets. Lightpath also adds 79-miles of metro fiber in New Jersey and New York City, and approximately 250 new commercial service locations in Manhattan. Lightpath now offers over 1,500 enterprise and data center service locations in Manhattan alone, a 5x increase over the last three years.  NYC-Ashburn Route: Geographically Diverse and Lowest Latency Lightpath's New York City to Ashburn network route is geographically diverse from typical network routes along the I-95 corridor and offers the industry's lowest latency between the largest population center in the country and the largest data center and cloud ecosystem in the world. Service options on this route include dark fiber and wavelengths up to 800 Gbps. "This route represents a unique opportunity for customers to connect these critical markets with diversity, latency management, and soon the addition of edge compute facilities," explained Tim Haverkate, EVP of Major Infrastructure Solutions, Lightpath. "Lightpath has seen surging demand on this route, with nearly 25% of the cable under contract, a 3.5x increase since the transaction was initially announced. Further, we are engaged in active conversations with 20 customers resulting in an opportunity pipeline that would oversubscribe the route as it exists today."Lightpath customers can connect to almost any data center in the Ashburn region and in total can connect to over 140 data centers across its footprint. Lightpath can route customers from any on-net data centers in New York Metro or Boston Metro to Ashburn utilizing this route. Lightpath can also deliver routing options along the I-95 corridor to support services on the NYC-Ashburn route.LightCube: Connected Edge Data Centers for AI Services and Edge ComputeLightpath also introduced LightCube edge data centers – modular, secure, and customizable facilities that fully support the capacity for 864-count fiber cables and the corresponding space and power for edge compute workloads. Lightpath will be upgrading four existing ILAs on the NYC-Ashburn route with new LightCubes in response to customer demand."This route represents a strategic addition to the Lightpath network extending our reach from the Northeast into the ever-expanding data center ecosystem in Ashburn," stated Chris Morley, CEO, Lightpath. "We will continue to aggressively pursue organic and inorganic opportunities to meet both the metro and the long-haul requirements on behalf of our hyperscaler, carrier, and enterprise customers."About LightpathLightpath 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.To learn how Lightpath can connect you to your digital destinations, visit lightpathfiber.comFor 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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