Lightpath Ups Mileage10/24/2008 8:00 PM Eastern
Optimum Lightpath, Cablevision Systems' business-communications unit, has completed the acquisition of 4Connections, a provider of dark-fiber network services in New Jersey.
Financial terms of the deal were not disclosed.
Parsippany, N.J.-based 4Connections will expand the Optimum Lightpath network by adding 494 route miles — 49,254 actual miles — of fiber in 10 counties across New Jersey.
The acquisition increases the number of on-net buildings in New Jersey by approximately 20%.
Optimum Lightpath now has more than 3,694 route miles of fiber in the ground and 3,060 lit commercial buildings in the three-state New York metropolitan area.
The deal lets the Cablevision division extend services “to businesses in suburban business centers or remote, branch and back offices within New Jersey,” said Dave Pistacchio, Optimum Lightpath executive vice president and general manager.
Under the terms of the agreement, 4Connections will operate as a wholly owned subsidiary of Optimum Lightpath, which officially took over ownership and daily management of the company on Oct. 17.
The existing management team and employees will remain based in Parsippany; Cablevision would not disclose how many employees 4Connections has.
Founded in 2001, 4Connections serves customers in sectors including in the financial services, government, education and health care markets in New Jersey.
Lightpath offers data, voice and managed video services over its metro Ethernet-based network, with connection speeds ranging from 5 Megabits per second to 1 Gigabit per second.