Lightpath establishes foothold in Boston via acquisition
Lightpath, which provides fiber-optic network enterprise connectivity services, will soon launch operations in Boston via a trio of acquisitions. The company says it has agreed to purchase Cambridge Network Solutions (CNS), a second area connectivity provider whose name was not disclosed, and the fiber network assets from Hub Fiber. The first two deals have closed, while the third was expected to close within 30 days, Lightpath announced June 16.
The company used cash on its balance sheet to fund the deals which Lightpath said “will not have a material impact on the Company’s leverage.” The sums paid for the three companies were not disclosed.
The three acquisitions set up Lightpath with more than 80 route miles of high-count fiber network combined. The fiber assets serve more than 100 locations, including 12 area data centers, throughout Boston, Cambridge, Somerville, Waltham, Burlington, Billerica, Bedford, and Lowell. Lightpath plans to connect this infrastructure to its New York Metro network, thus expanding on its existing 18,000 route miles of fiber serving more than 12,000 locations. The company plans to offer its full slate of services to customers in the region. The product roster includes optical transport, Ethernet, internet access, private networks, dark fiber, SD-WAN, voice, security offerings, and other managed services.
“Greater Boston is a perfect expansion area for Lightpath, with its robust technology and biotech industries, financial services sector, world-leading universities and research institutes, tech-savvy governments, and other enterprise businesses,” commented Chris Morley, Lightpath’s CEO. “This is the first step for Lightpath expanding beyond the New York Metro region after reliably serving thousands of customers there for over 30 years. We are excited to bring our network, connectivity solutions, and innovative customer service approach to more organizations. These acquisitions will help us hit the ground running, and we will be able to start serving new customers right away.”
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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