2020年7月30日
Mayer Brown advises Altice on sale of 49.99 percent stake in Lightpath fiber enterprise business
Mayer Brown announced today that it advised Altice USA on the structuring of its sale of 49.99 percent of Lightpath’s fiber enterprise business to Morgan Stanley Infrastructure Partners for an implied enterprise value of $3.2 billion.
Altice USA will receive total gross cash proceeds of approximately $2.3 billion from the sale and related financing activity (net cash proceeds of approximately $1.1 billion after tax and initial debt repayment). Altice USA will retain a 50.01 percent interest in Lightpath and maintain control of the company.
The team advising Altice USA included partners Jason Bazar, Lucas Giardelli, Zal Kumar (all NY) and Laurent Borey (Paris) and associates Stephanie Wood and Kelly Donigan (all NY).
Altice USA will receive total gross cash proceeds of approximately $2.3 billion from the sale and related financing activity (net cash proceeds of approximately $1.1 billion after tax and initial debt repayment). Altice USA will retain a 50.01 percent interest in Lightpath and maintain control of the company.
The team advising Altice USA included partners Jason Bazar, Lucas Giardelli, Zal Kumar (all NY) and Laurent Borey (Paris) and associates Stephanie Wood and Kelly Donigan (all NY).
