Palistar Capital announced the merger of its wireless infrastructure assets managed by Symphony Wireless with CTI Towers, forming Symphony Towers Infrastructure.
This combined entity will manage and market approximately 3,000 assets across all 50 U.S. states, establishing one of the top five private telecom infrastructure platforms in the country. Symphony Towers will focus on driving growth through investments in wireless infrastructure portfolios and individual assets on behalf of Palistar.
The newly formed Symphony Towers will be led by CEO Bernard Borghei, a telecommunications veteran with over 30 years of industry experience, including as a co-founder of Vertical Bridge. Under Borghei’s leadership, the company aims to enhance operational efficiencies by consolidating the management expertise and processes of Symphony Wireless and CTI Towers. The merger represents a strategic step by Palistar to strengthen its presence in the U.S. wireless and digital infrastructure market.
Omar Jaffrey, Founder and Managing Partner of Palistar and Chairman of Symphony Towers, highlighted the significance of the merger: “This combination reflects the long-term investment Palistar is making in wireless and digital infrastructure. Symphony Towers is key for us to deliver on that vision.” Bernard Borghei emphasized the operational benefits, stating, “This transaction creates premium efficiencies, leveraging the scale of our Wireless Tower Portfolio to provide exceptional value and a world-class operating experience for customers.”
• Combined Entity: Symphony Towers Infrastructure, formed by merging Symphony Wireless and CTI Towers.
• Scale: Approximately 3,000 wireless infrastructure assets across all 50 U.S. states.
• Leadership: CEO Bernard Borghei, co-founder of Vertical Bridge and a seasoned industry leader with 30+ years of experience.
• Growth Strategy: Focus on acquiring wireless infrastructure portfolios and individual assets to expand Palistar’s Wireless Tower Portfolio.
• Significance: One of the top five private telecom infrastructure platforms in the U.S., representing a major consolidation in the industry.
