03:28 PM EDT, 06/10/2024 (MT Newswires) -- Altice USA ( ATUS ) and Morgan Stanley ( MS ) joint venture Lightpath said Monday it has agreed to acquire substantially all assets of United Fiber and Data to bolster its high-fiber count network and serviceable market.

Financial terms of the transaction weren't disclosed.

United Fiber and Data owns and operates a 323-route mile, high-fiber count network linking New York City with Ashburn, Virginia, along with a 79-route mile metro network in New York City and New Jersey, Lightpath said.

The deal is expected to close in Q3, subject to regulatory approvals, Lightpath said.

Altice USA ( ATUS ) owns more than 50% equity stake in Lightpath, while Morgan Stanley Infrastructure Partners owns roughly 50% of the fiber network company.

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