Melody Investment Advisors, an alternative asset manager focused on communications infrastructure, has closed its previously announced transaction to acquire both the Uniti Towers tower development business and more than 500 U.S.-based towers from Uniti Group.
As part of the transaction, Uniti retained a 10 percent interest in the tower business, and Melody and Uniti will enter into a strategic relationship to collaborate on integrated solutions for wireless carriers requiring tower, fiber and small cell infrastructure.
“As 5G continues to roll out, increasing demand for new and improved communications infrastructure, we are pleased to partner with Melody, our new financial sponsor, to both develop new and continue to provide existing mission critical infrastructure to our carrier customers,” said Lawrence Gleason, president of Uniti Towers.
David Bacino, an operating partner at Melody and president of Melody Wireless Infrastructure, added, “This transacti
