Altice USA in talks with Stonepeak for the sale of minority stake in its Lightpath fiber unit
Date
July 26, 2019
Type
M&A Transactions
Subtype
Transaction launched
Countries
(USA) United States of America
Subsectors
I.C.T.
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Cable television provider, Altice USA, is in advance talks with Stonepeak Infrastructure Partners, for the sale of minority stakes in its Lightpath fiber unit.
The deal could potentially fetch about US$3 billion of investment. Altice USA will keep the majority stake in its unit.
Lightpath provides Internet, telephone, data transport, and other services to businesses in and around New York City. It has about 350,000 miles of the fiber connection.
