Stake Purchase • Communications

Morgan Stanley Infrastructure Partners Invests In Lightpath

On July 28, 2020, infrastructure investor Morgan Stanley Infrastructure Partners invested in communications company Lightpath from Altice

Investment Context
  • This is Morgan Stanley Infrastructure Partners’ 3rd transaction in the Communications sector.
  • This is Morgan Stanley Infrastructure Partners’ 6th transaction in the United States.
  • This is Morgan Stanley Infrastructure Partners’ 1st transaction in New York.

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Investment Summary

Date July 28, 2020
Target Lightpath
Sector Communications
Investor(s) Morgan Stanley Infrastructure Partners
Sellers(s) Altice
Deal Type Stake Purchase

Target Company

Lightpath

Bethpage, New York, United States
Lightpath is an enterprise fiber communications business that improves operational performance and provides strategic and financial flexibility. Lightpath is based in Bethpage, New York.
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Investor Overview 1

DESCRIPTION

Morgan Stanley Infrastructure Partners is the infrastructure focused investment arm of Morgan Stanley. The Unit looks to invest in infrastructure assets that provide essential services in developed markets with stable cash-flows. Specific areas of interest include power generation, utilities, natural gas, transportation, and digital infrastructure. Morgan Stanley Infrastructure Partners was formed in 2006 and is headquartered in New York City.


Deal Context for Investor #
Overall 11 of 18
Sector: Communications 3 of 4
Type: Stake Purchase 5 of 5
State: New York 1 of 1
Country: United States 6 of 9
Year: 2020 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 FastFiber

Lisboa, Portugal

FastFiber is a provider of wholesale optical fiber. FastFiber is based in Lisboa, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Tele Columbus

Berlin, Germany

Tele Columbus is a cable network operator. Tele Columbus was founded in 1972 and is based in Berlin, Germany.

Buy €400M

Seller Profile 1

SELLER

Altice

Long Island City, New York, United States

Category Company
Founded 2015
Sector Media
Employees10,900
Revenue 9.0B USD (2024)
DESCRIPTION

Altice is a telecommunications, media, and entertainment company with a portfolio of operations that includes digital television, voice and high-speed Internet services, some of the country's most-watched national television networks, and valuable local media and programming properties. Altice was founded in 2015 and is based in Long Island City, New York.


Deal Context for Seller #
Overall 3 of 4
Sector: Communications 1 of 1
Type: Stake Purchase 1 of 1
State: New York 2 of 3
Country: United States 3 of 4
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Service Electric Broadband Cable

Sparta, New Jersey, United States

Service Electric Broadband Cable is a regional cable operator that provides high-quality broadband, video, mobile, and news offerings to thousands of additional homes and businesses. Service Electric is based in Sparta, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Morris Broadband

Hendersonville, North Carolina, United States

Morris Broadband is a broadband communications services company providing high-speed data, video, and voice services to approximately 36,500 residential and business customers in western North Carolina.

Buy $310M