Deals
Altice USA Nears Sale of Its Lightpath Stake to Stonepeak
- Buyout firm in talks to make minority investment in fiber unit
- Potential deal would value the business at about $3 billion
Photographer: Jason Alden/Bloomberg
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Altice USA Inc., the cable television provider that spun off from Patrick Drahi’s Altice NV last year, is in advanced talks to sell a minority stake in its Lightpath fiber unit to Stonepeak Infrastructure Partners, according to people familiar with the matter.
The New York-based private equity firm is nearing a deal that would value the unit at about $3 billion, said the people, who asked to not be identified because the matter isn’t public. A transaction could be announced as early as next week, one of the people said. Altice USA would keep a majority stake.