Lightpath, an all-fiber, infrastructure-based connectivity provider, announced yesterday the company has signed a definitive agreement to acquire substantially all of the assets of United Fiber and Data (UFD). The transaction is subject to regulatory approvals and is expected to close in the third quarter of 2024.
UFD owns and operates a 323-route mile, high-fiber count network between New York City and Ashburn, VA, and a 79-route mile metro network in New York City and New Jersey. These include connectivity to over 350 enterprise and data center locations. The company maintains a high-fiber-count crossing of the Hudson River, which it said will add capacity to Lightpath’s three existing Hudson River crossings.
UFD says this network is geographically diverse from typical long-haul routes along the I-95 corridor and will enhance Lightpath’s network of over 20,000 route miles, connecting over 15,000 service locations, including over 140 data centers and seven cable landing stations.
“The addition of United Fiber & Data is a natural extension of Lightpath’s expansive Greater New York City Metropolitan fiber assets, increasing our ability to serve high-capacity customer needs into the Ashburn data center ecosystem and further enhancing our Manhattan metro coverage where we will serve nearly 1,500 enterprise and data center destinations, a 5x increase over the past three years,” stated Chris Morley, CEO of Lightpath. “This represents a continuation of Lightpath’s strategic investment thesis of creating critical fiber infrastructure in attractive and high growth markets for the benefit of our enterprise, hyperscale, and wholesale customers.”
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