Uniti Towers Announces Name Change to Harmoni Towers
Harmoni Towers LLC, formerly Uniti Towers, announced its name change following the acquisition of 90% of the company by Melody Investment Advisors in June 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Harmoni Towers LLC, formerly Uniti Towers, announced its name change following the acquisition of 90% of the company by Melody Investment Advisors in June 2020. The rebranding aims to enhance its market position and growth potential amidst the 5G rollout. Harmoni Towers retains its management team and has built over 500 towers since 2017, currently marketing over 1,000 site locations across the U.S. Executives emphasize continued service excellence and infrastructure expansion to meet rising demand for wireless solutions.
Positive
- Acquisition by Melody Investment Advisors provides strong financial backing.
- Harmoni Towers has built over 500 towers since inception, showcasing capability.
- Currently marketing over 1,000 site locations across the U.S., indicating growth potential.
- Continued operations with the same management team ensures stability and expertise.
Negative
- None.
Details
News Market Reaction – UNIT
The recorded move for UNIT in the trading session of this news was +3.65%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
View original content:http://www.prnewswire.com/news-releases/uniti-towers-announces-name-change-to-harmoni-towers-301126651.html
SOURCE Melody Investment Advisors
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.