Altice to sell 49.99% of lightpath fiber enterprise business to morgan stanley infrastructure partners

Press release - altice usa announces agreement to sell 49.99% of lightpath fiber enterprise business to morgan stanley infrastructure partners.altice usa inc - deal for an implied enterprise value of $3.2 billion.altice usa inc - will receive total gross cash proceeds of approximately $2.3 billion from sale and related financing activity.altice usa inc - altice usa will retain a 50.01% interest in lightpath and maintain control of company.altice usa - portion of net proceeds after tax expected to be used by co to repay debt such that deal is at least leverage-neutral to csc holdings, llc.altice usa inc - remaining proceeds of deal may be used for additional debt paydown and/or repurchase of altice usa shares.altice usa inc - upon deal closing, lightpath will be financed independently outside of csc holdings, llc debt silo.
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