Sites for small cell, Wi-Fi, towers
Melody Wireless Infrastructure on Jan. 26 announced the acquisition of 908 locations. The relatively new independent wireless infrastructure player controls more than 2,000 locations nationwide.
Greenwich, Conn.-based Melody Wireless, part of financing firm Melody Capital Partners, completed the transaction with Wireless Capital Partners.
Melody Wireless President David Bacino told RCR Wireless News that the locations include leases and easements beneath towers, on rooftops and underneath other wireless infrastructure.
“With this acquisition of additional assets,” Bacino said, “we have significantly enhanced our offering of locations to carriers and other customers. We will now be providing multiple options to our carrier customers.”
Bacino came to Melody from American Tower; he has also had leadership roles at Powerwave Technologies, TerreStar Networks and Nextel Communications.
Omar Jaffrey, a managing partner at Melody Capital Partners, said the deal poises Melody Wireless as “one of the largest independent owners of wireless infrastructure locations in the United States. This acquisition will allow us to offer combined locations and better meet our customers’ needs for wireless networks and communication services.”
Last year, New York-based Melody Capital Partners closed a $35 million capital deal with Towerstream, which owns and leases small cell and Wi-Fi rooftop locations to carriers, tower companies and other service providers.
Towerstream CEO Jeff Thompson said the money will allow both firms to jointly provide locations as network owners densify urban coverage with Wi-Fi and small cell solutions.
Jaffrey said HetNet investment was driven by “the powerful impact that growing data consumption continues to have on the telecommunications industry, especially in the world of mobile communications.”
According to company literature, Melody Capital Partners has more than $1.3 billion in assets and focuses on direct lending and secured loan origination in the telecom, telecom/wireless infrastructure and telecom service provider markets.
