Lightpath said Wednesday that it will expand its fiber network in western Connecticut with a 70-mile build that will connect two locations in the state -- Trumbull and Norwalk -- with Katonah, New York.
Lightpath provides fiber-based high-speed connections and services to businesses. Connecticut is home to 14 Fortune 500 companies participating in industries like advanced manufacturing, aerospace, bioscience, insurtech and medtech, according to Lightpath.
“Lightpath’s all-fiber fiber network offers organizations across all industries access to robust connectivity with the highest levels of flexibility, reliability and security,” Lightpath SVP of sales Doug Turtz said in a press release. “Lightpath continues to invest in Connecticut, as well as the greater New York City Metropolitan Area, as we have for over 30 years now. We are committed to enhancing our network and services for our existing customers, as well as continuing to bring Lightpath to new customers in more places.”
Lightpath is majority owned by Altice USA, which sold a 49.99% interest in the company to Morgan Stanley Infrastructure Partners in 2020 in a deal valued at $3.2 billion. According to Lightpath, the Connecticut expansion is part of an aggressive growth strategy and that over the past year it has:
● Completed a 300-mile expansion from New York metro to Ashburn, VA
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Mike Farrell is senior content producer, finance for Multichannel News/B+C, covering finance, operations and M&A at cable operators and networks across the industry. He joined Multichannel News in September 1998 and has written about major deals and top players in the business ever since. He also writes the On The Money blog, offering deeper dives into a wide variety of topics including, retransmission consent, regional sports networks,and streaming video. In 2015 he won the Jesse H. Neal Award for Best Profile, an in-depth look at the Syfy Network’s Sharknado franchise and its impact on the industry.