Commission européenne, DG  COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 20.10.2020  
C(2020 ) 7377 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9946  – MSI / ALTICE / LIGHTPATH  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 22 September 2020 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Morgan 
Stanley Infrastructure Inc. (“MSI”,  United States of America) and  Altice USA, Inc. 
(“Altice” , United States of America),  acquire within the meaning of Article 3(1)(b) 
and 3(4) of the Merger Regulation joint control over the whole of Lightpath Holdings, 
LLC (“Light path” , United States of America ), ultimately controlled by Altice , by way 
of purchase of  shares .3 
2. The business activities of the undertakings concerned are:  
 MSI: MSI  is an indirectly wholly -owned subsidiary of Morgan Stanley . Morgan 
Standley offers financi al services firm providing a wide range of investment 
banking, securities, wealth management and investment management services . 
 Altice : Altice provides broadband, video, mobile, proprietary content and 
advertising services as well as hyper -local, national, international and business 
news to more than 4.9 million residential and business customers across 21 states 
in the USA . 
 Lightpath : Lightpath provides advanced fiber, Ethernet, data transport, IP -based 
virtual private networks, Inter net access, Managed Services, telephony services, 
including session -initiated protocol trunking, and VoIP services to the business 
market in the New York metropolitan area  in the USA . 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 321, 29.9.2020 , p. 44. 

2 3. After examination of the notification, the European Commission has concl uded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5.