Altice Expects $2.3B Lightpath Sale to Investment Fund to Close Q4

The sale of 49.99% of Altice's Lightpath fiber business to a Morgan Stanley investment fund is expected to conclude in Q4, the cable ISP said Tuesday evening. Altice said it will receive $2.3 billion in cash and will remain in control of the company. It said the investment will help pay for Lightpath growth and improved performance.