NEW YORK, Sept. 9, 2020 /PRNewswire/ -- Uniti Towers today
announced that it changed its name to Harmoni Towers LLC (the
"Company" or "Harmoni"). The new name follows the close of
the transaction in June 2020 wherein
Melody Investment Advisors acquired 90% of Uniti Towers, including
over 500 towers from Uniti Group Inc. ("Uniti")
(NASDAQ: UNIT).
Harmoni Towers will maintain
operations with the same tower development management team from
Uniti Towers, continuing to create network deployment solutions for
wireless carriers.
Lawrence Gleason, President of
Harmoni Towers, said, "We are excited to announce Harmoni's new
name as we continue to grow our towers business and work to provide
even better solutions to clients. Harmoni, with the backing
of Melody Investment Advisors, is well funded and positioned for
growth amidst the ongoing rollout of 5G networks."
David Bacino, Operating Partner
at Melody Investment Advisors, said, "Harmoni is led by a deeply
experienced team dedicated to providing best in class service to
clients. With increasing demand for wireless carrier
solutions, even during the pandemic, we are committed to the
expansion and development of Harmoni's properties and wireless
infrastructure in order to best serve carrier clients."
Harmoni Towers is one of the
largest tower builders in the U.S., having built over 500 towers
since inception in 2017. Harmoni
Towers is currently marketing over 1,000 site locations
across the U.S.
For more information on Harmoni towers, please visit
www.harmonitowers.com.
About Harmoni
Towers
Harmoni Towers,
a portfolio company of Melody Investment Advisors owns,
operates, and builds mission-critical communications
infrastructure. The firm focuses on the acquisition and
construction of communication networks and works with customers in
a wide variety of situations, including monetizing existing assets
and new site development. Harmoni collaborates with wireless
operators to deploy their networks and build assets while relieving
them of the burden of raising investment capital.
About Melody Investment Advisors
Melody Investment
Advisors is an alternative asset manager focused on communications
infrastructure. Melody Investment Advisors was founded in 2019 and
is comprised of the TMT and communications infrastructure team of
Melody Capital Partners, LP ("MCP") and additional team members.
Melody Investment Advisors is led by Omar
Jaffrey, co-founder of MCP.
The firm invests directly in telecommunications assets and also
seeks to provide innovative financing solutions to complex problems
for leading global communications companies. Together with its
experience at MCP, the Melody Investment Advisors team has deployed
over $1 billion in capital in this
sector over the past six years. To learn more about Melody
Investment Advisors, visit
https://www.melodyinvestmentadvisors.com
View original
content:http://www.prnewswire.com/news-releases/uniti-towers-announces-name-change-to-harmoni-towers-301126651.html
SOURCE Melody Investment Advisors