Lightpath Acquires WANRack's Phoenix Business
Rhea-AI Summary
Lightpath has completed the acquisition of WANRack's network assets and customers in the Phoenix metropolitan market, adding 133 route miles of fiber infrastructure. This strategic move accelerates Lightpath's recent market entry in Phoenix, expanding their total network footprint to 363 route miles.
The acquired infrastructure includes diverse paths between the Goodyear data center ecosystem and metro Phoenix carrier hotel facilities. Upon completion, the network will connect 10 key data centers via underground, multi-duct conduit systems, linking data center hubs across Goodyear, Buckeye, Chandler, Glendale, Mesa, and Tempe to Phoenix's primary carrier exchange ecosystems.
The network will be positioned near more than 30 additional single and multi-tenant data center campuses. While Lightpath is already operational on the 133 miles of acquired fiber, additional network segments will be constructed in Q2 2025, with full network completion expected by the end of 2026.
Positive
- Immediate access to 133 operational route miles of fiber
- Strategic expansion to 363 total route miles in Phoenix market
- Access to 10 key data centers and proximity to 30+ additional facilities
- Ready-made infrastructure connecting major data center hubs
Negative
- Extended construction timeline until end of 2026
- Significant infrastructure investment required for remaining network segments
News Market Reaction 1 Alert
On the day this news was published, ATUS declined 3.99%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Acquisition Accelerates Lightpath's Entrance into the Phoenix Market with 133 Route Miles of Operating Network and In Place Construction Capabilities
In conjunction with Lightpath's recent
Beyond the 10 planned connected data centers, the network will be strategically positioned near more than 30 additional single and multi-tenant data center campuses. While Lightpath is already service ready on 133 miles of acquired fiber, additional high priority network segments will be constructed in Q2 2025, with full network completion targeted by the end of 2026.
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About Lightpath:
Lightpath is revolutionizing how customers connect to their digital destinations by combining our next-generation network with our next-generation customer service. Lightpath's advanced fiber-optic network offers a comprehensive portfolio of custom-engineered connectivity solutions with unparalleled performance, reliability, and security. Our consultative customer service means we work with you to design, deliver, and support the solution for your unique needs, faster and more easily than ever before. For over 30 years, thousands of enterprises, governments, and educators have trusted Lightpath to power their organization's innovation. Lightpath is jointly owned by Altice USA (NYSE: ATUS) and Morgan Stanley Infrastructure Partners.
Follow Lightpath on LinkedIn. For more information, please visit lightpathfiber.com.
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SOURCE Lightpath