Palistar Capital Completes Strategic Combination of U.S. Wireless Assets, Secures New Financing, and Welcomes David Bacino to Lead Symphony Towers
New York, NY – July 22, 2025 – Palistar Capital, a leading private equity firm, today announced a significant milestone with the successful completion of the combination of its U.S. wireless infrastructure assets. This strategic move is further bolstered by the successful arrangement of new securitization financing and the appointment of David Bacino as the new Chief Executive Officer of Symphony Towers, a key entity within Palistar’s portfolio.
The culmination of these initiatives marks a pivotal moment for Palistar Capital and its wireless infrastructure endeavors. The combination of its U.S. wireless assets is designed to create a more robust and integrated platform, capable of capitalizing on the evolving opportunities within the telecommunications sector. This strategic consolidation is expected to enhance operational efficiencies, foster innovation, and better serve the growing demand for wireless connectivity across the nation.
Complementing this asset combination, Palistar Capital has also secured new securitization financing. This financing demonstrates strong investor confidence in the underlying assets and Palistar’s management strategy. The new funding will provide the necessary capital to support the continued growth and development of the combined wireless infrastructure, including potential expansion projects, technology upgrades, and strategic acquisitions. This financial flexibility is crucial for staying ahead in the dynamic telecommunications landscape.
In conjunction with these significant developments, Palistar Capital is pleased to announce the appointment of David Bacino as the new CEO of Symphony Towers. Mr. Bacino brings a wealth of experience and a proven track record of success in the telecommunications and infrastructure sectors. His leadership is anticipated to drive the strategic vision and operational excellence of Symphony Towers, a critical component of Palistar’s infrastructure holdings. Under his guidance, Symphony Towers is poised to further strengthen its market position and contribute significantly to the broader U.S. wireless ecosystem.
This series of announcements underscores Palistar Capital’s commitment to strategically growing its wireless infrastructure business. The combination of assets, the securing of new financing, and the appointment of experienced leadership are all key elements in Palistar’s ongoing strategy to create value and drive innovation in the telecommunications industry. The firm is well-positioned to leverage these advancements to deliver superior connectivity solutions and capitalize on future growth opportunities.
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PR Newswire Telecommunications published ‘Palistar Capital Announces Completion of U.S. Wireless Assets Combination, New Securitization Financing, and Appoints David Bacino to Lead Symphony Towers’ at 2025-07-22 13:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.