The news followed Lightpath's acquisition of more than 80 route miles of in-place, high-count fibre connecting to 100 locations, including 12 area data centres, throughout Boston, Cambridge, Somerville, Waltham, Burlington, Billerica, Bedford, and Lowell. Additionally, Lightpath’s network in the region will be connected to its New York Metro network, expanding the company’s existing 18,000 route miles of fibre serving more than 12,000 locations.
“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,” said CEO Chris Morley.
“This is the first step for Lightpath expanding beyond the NY 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.”
The network extension was made possible by three acquisitions: that of Cambridge Network Solutions (CNS), a second area connectivity provider, and the purchase of fibre network assets from Hub Fiber.
The CNS and the second acquisitions have closed, while the Hub Fiber purchase is expected to close within 30 days. The transactions were funded with cash on Lightpath’s balance sheet and will not have a material impact on the Company’s leverage.
Boston area customers will have access to the entire portfolio of Lightpath all-fibre solutions, including Optical Transport, Ethernet, Internet Access, Private Networks, Dark Fiber, SD-WAN, Voice, Security Solutions, and other Managed Services. Additionally, customers will be able to utilize Lightpath services to connect between Greater Boston and the NY Metro Area, including over 65 NY Metro data centers, 8 cable landing stations, and all major cloud providers.
“The Lightpath leadership, sales, and operations teams are very familiar with the Boston market, as we have personally done business here for over 20 years, and now we are bringing that experience and our long-held customer relationships to Boston with Lightpath,” explained Doug Dalissandro, Lightpath’s chief revenue officer. “Boston customers know our team, the high level of customer service that we provide, and that we go the extra mile to ensure that they get the exact, custom network solution, and support, that they need. Add to this, our new, advanced high capacity network and services, and we can’t wait to get going in Boston.”
