Melody Investment Advisors, an alternative asset manager focused on mission-critical communications infrastructure, has closed its previously announced transaction to acquire CTI Towers, an owner and manager of 1,150 wireless towers in the United States.
The seller was a shareholder group led by Comcast Ventures, Comcast Corp.’s venture investment arm.
“The continued development of reliable, easily accessible wireless infrastructure has never been more crucial,” said Tony Peduto, CEO of CTI Towers. “We're pleased to partner with Melody's deeply experienced investor team as CTI grows and expands its reach to provide a much-needed service throughout the U.S.”
The acquisition of CTI Towers follows Melody’s acquisition of Harmoni Towers (formerly Uniti Towers) in May. With the closing of the CTI Towers deal, Melody, via its affiliates, is now one of the largest private owners and marketers of wireless infrastructure properties in the United States.
