Lightpath buys its way to a bigger fiber footprint

Enterprise fiber provider Lightpath charted a course to double-digit revenue growth, planning to spend millions to expand its footprint and serve more customers through a combination of network extensions and acquisitions. Lightpath is jointly owned by Altice and Morgan Stanley and has hitherto operated within Altice’s traditional footprint in New York, New Jersey and Connecticut. However, it gained a foothold in Massachusetts through three acquisitions focused in the Boston area. These included the purchase of Cambridge Network Solutions, a second unnamed provider and assets from Hub Fiber. Lightpach CTO Phil Olivero said that Lightpath intends to grow its footprint “to serve more of the Boston-area’s business customers over time” but noted the deal was a “great way to get into the market in a big way rather quickly.” Outside of these acquisitions, the company is focused on building within and just beyond its current footprint as well as adding higher bandwith options to support customer needs.