Divestiture • Communications

National Grid Exits Lightower Fiber Networks

On May 17, 2007, invested in communications company Lightower Fiber Networks from National Grid

Investment Context
  • This is transaction in the Communications sector.
  • This is transaction in the United States.
  • This is transaction in Massachusetts.
Investment Fate
  • Lightower Fiber Networks was recapitalized in 2013 for 2.0B USD.
  • Lightower Fiber Networks was sold to a publicly-traded strategic buyer in 2017 for 7.1B USD.

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Investment Summary

Date May 17, 2007
Target Lightower Fiber Networks
Sector Communications
Sellers(s) National Grid
Deal Type Divestiture

Target Company

Lightower Fiber Networks

Boxborough, Massachusetts, United States
Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.
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Seller Profile 1

SELLER

National Grid

London, United Kingdom

Category Company
Founded 1990
Sector Energy Services and Equipment
Employees31,654
Revenue 18.4B GBP (2025)
DESCRIPTION

National Grid is an electricity and gas company that connects consumers to energy sources through its networks. National Grid was founded in 1990 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 2 of 8
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 4
Year: 2007 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 ClearShot Communications

Malvern, Pennsylvania, United States

ClearShot Communications LLC is a wireless communications tower developer.

Buy $133M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-24 KeySpan

Brooklyn, New York, United States

KeySpan is the largest distributor of natural gas in the Northeast and No. 5 in the USA, with utilities serving 2.6 million customers in New York, Massachusetts and New Hampshire. It's also New York's top electricity generator, supplying power to 1.1 million customers of Long Island Power Authority.

Buy $7.3B