.
MergerLinks Header Logo

New Deal


Announced

Completed

Melody completed the acquisition of a 90% stake in Uniti Towers for $220m.

Financials

Edit Data
Transaction Value£177m
Consideration TypeCash
Capital Owned-
Capital Bid For90%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Friendly

Private Equity

Private

telecommunications towers

Acquisition

United States

Telecommunications infrastructure

Single Bidder

Completed

Domestic

Synopsis

Edit

Melody Investment Advisors, an alternative asset manager focused on communications infrastructure, completed the acquisition of a 90% stake in Uniti Towers, the wireless tower business of real estate investment trust Uniti Group, for $220m. "As 5G continues to rollout, 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," Lawrence Gleason, Uniti Towers President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US