Latest news with #wireless
Yahoo
3 hours ago
- Business
- Yahoo
Palistar Capital Announces Completion of U.S. Wireless Assets Combination, New Securitization Financing, and Appoints David Bacino to Lead Symphony Towers
Establishes One of the Largest Pools of Privately Held Wireless Assets in North America NEW YORK, July 22, 2025 /PRNewswire/ -- Palistar Capital LP ("Palistar"), an alternative asset manager focused on mission-critical communications and digital infrastructure, has confirmed the completion of its previously announced U.S. wireless assets combination. The integration of the assets of its portfolio company CTI Towers, Inc. ("CTI") with Palistar's telecom easements portfolio has created one of the largest and fastest growing pools of wireless assets in North America. The entity is comprised of approximately 3,000 operated, managed and/or marketed wireless assets across all 50 states and consists of a combination of urban, suburban and rural macro wireless locations with long-term leases from investment grade counterparties. The multi-thousand site asset pool is the result of a 6-year acquisition effort started by Palistar in 2019 and completed through hundreds of individual acquisitions to date. In addition, Palistar recently completed a securitization of this asset pool that provides access to up to $515 million of institutional insurance grade debt capital. Symphony Towers, an affiliate of Palistar, will continue to manage the assets for growth, leveraging scale and operating expense synergies. Furthermore, following completion of the combination of these 3,000 wireless assets, Palistar announces that David Bacino, Operating Partner at Palistar, will assume the leadership of Symphony Towers and oversee the pool of assets and its growth. "These 3,000 assets have been carefully curated over the last 6-years, and we believe they are now well positioned to deliver strong and growing cash flow growth and yield – an ideal combination desired by investors. The completion of the planned combination should allow us to deliver on sustainable cash flow growth," said Omar Jaffrey, Founder and Managing Partner of Palistar and Founder and Chairman of Symphony Towers. "As one of the premier institutional managers and investors in towers, rooftops, and ground leases for more than a decade, we remain focused on delivering collaborative, value-driven solutions for site owners, tower companies, and carriers." Mr. Jaffrey added, "I'm confident that David Bacino – a trusted member of the Palistar leadership team and a proven expert in the tower industry – is the right person to lead the team at Symphony Towers and to manage these critical infrastructure assets. His steady leadership and deep and trusted relationships across the sector reflect our values and our strategy, as we advance the long-term interests of our employees, customers, and investors." Mr. Bacino stated: "Symphony Towers has one of the most talented and hard-working teams in the industry which we have built over the last 6 years. I'm excited to lead Symphony Towers as it continues to evolve as one of the fastest growing businesses in U.S. wireless infrastructure." Mr. Bacino has over 33 years of operating experience in the telecommunications industry and has been a Palistar Operating Partner since 2019. Prior to serving as CEO of CTI Towers from 2021 to 2025, Mr. Bacino was the President of Melody Wireless Infrastructure from 2014 to 2021, when it was sold for $1.625 billion in one of the most successful exists in wireless digital infrastructure in the U.S. About Palistar Capital Palistar Capital LP ("Palistar" or the "Firm") is an alternative asset manager led by Managing Partner and Founder, Omar Jaffrey, focused on digital infrastructure investments. The Firm seeks to invest through direct asset ownership as well as by developing innovative financing solutions to complex problems for leading global digital infrastructure related companies. To learn more about Palistar, visit About Symphony Towers As one of the largest private telecom infrastructure platforms in the U.S., Symphony Towers acquires, manages, and leases approximately 3,000 tower, rooftop, and non-traditional cell sites across all 50 states. Symphony Towers provides strategic revenue to sellers while optimizing administration and lease management for wireless carriers. For more information regarding Symphony Towers, visit Media Contacts Steve Bruce / Keely GispanASC Advisorssbruce@ / kgispan@ 992-1230 View original content to download multimedia: SOURCE Palistar Capital
National Post
4 hours ago
- National Post
Focal and SPARK Microsystems Expand Collaboration for Premium Wireless Audio Speakers Powered by UWB
Article content Focal's new Diva Mezza Utopia loudspeakers join growing product family leveraging SPARK UWB for unparalleled audio delivery Article content MONTREAL — SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation short-range wireless communications, today welcomed the newest entry in Hi-Fi audio speakers from Focal, the renowned French audio brand. The new Diva Mezza Utopia active wireless 3-way loudspeakers expand the design collaboration initiated with the Diva Utopia speakers, extending the prestigious Focal Diva range to a new performance tier with SPARK's Ultra-Wideband (SPARK LE-UWB™) wireless platform. Article content Delivering the performance of wired connectivity without the wires – the hallmark of SPARK's innovation – Focal's growing line of Diva loudspeakers redefines the standards for high-fidelity wireless listening. Article content SPARK LE-UWB™ connectivity enables a robust, reliable wireless link between paired Diva Mezza Utopia loudspeakers while maintaining a stable and lossless signal at 96kHz/24-bit resolution with no compression. Delivering the performance of wired connectivity without the wires – the hallmark of SPARK's innovation – Focal's growing line of Diva loudspeakers redefines the standards for high-fidelity wireless listening. Article content Focal's Diva Mezza Utopia speakers deliver a deep, wide, and vibrant soundstage, with the freedom and flexibility of wireless connectivity. SPARK LE-UWB™ technology enables Diva Mezza Utopia loudspeakers to support multiroom configurations in spaces up to 100 m², making it easier than ever to wirelessly integrate premium audio experiences into a home music ecosystem. Article content 'The scalability of the SPARK transceiver portfolio has likewise equipped Focal to scale its product collection to new heights with the Diva Mezza Utopia system,' said Jocelyn Carroue, Sr. Director, Sales and Technical Support, SPARK Microsystems. 'Our continued collaboration with Focal is helping to bring bit-perfect audio quality – indistinguishable from wired sound – to its discerning clientele.' Article content 'Diva Mezza Utopia loudspeakers build upon the design quality and warm customer reception achieved with the first Diva Utopia, combining audiophile excellence with ease of use in perfect balance,' said Rejean Bedel, Group Marketing Manager, Focal & Naim. 'SPARK's innovation in UWB wireless connectivity is essential to the sound of all Diva Utopia loudspeakers.' Article content Focal's Diva Mezza Utopia and Diva Utopia loudspeakers are available today exclusively at qualified Focal Powered by Naim retailers. For more information, visit Focal's website. Article content About Focal Article content Since 1979, Focal has stood out from the crowd in manufacturing loudspeakers and acoustic speakers. Their expertise extends to headphones, car audio kits, professional speakers, and installations for yachts. This unique know-how, combined with their in-house manufacturing in France, puts Focal among the top audio brands globally. In 2011, Focal joined forces with Naim — the British leader in high-end electronics — under the VerVent Audio group to offer exquisite complete audio systems. About SPARK Microsystems SPARK Microsystems is building next generation short-range wireless communication devices. SPARK UWB provides high data rate and very low latency wireless communication links at an ultra-low power profile, making it ideal for personal area networks (PANs) used in mobile, consumer and IoT-connected products. Leveraging patented technologies, SPARK Microsystems strives to minimize and ultimately eliminate wires and batteries from a wide range of applications. For more information, please visit Article content Article content Article content Article content Article content Article content
Yahoo
9 hours ago
- Automotive
- Yahoo
Synaptics, Murata Partner to Develop Next-Gen Automotive Wireless Connectivity Modules
Synaptics Incorporated (NASDAQ:SYNA) is one of the best small cap AI stocks to buy according to analysts. Earlier in May, Synaptics announced a partnership with Murata Manufacturing to jointly develop a next-gen turnkey wireless connectivity module for automotive Tier 1 suppliers and Original Equipment Manufacturers/OEMs. The collaboration will integrate Synaptics' Veros Wi-Fi and Bluetooth combo Systems-on-Chips (SoCs), which feature highly integrated RF front-ends, into a module co-developed with Murata. Synaptics' wireless SoCs are designed to optimize performance, minimize system design costs, and reduce power consumption. A close-up of discrete semiconductors in a manufacturing lab. Synaptics is using its Veros portfolio, which incorporates extensive expertise in IoT connectivity, to meet these requirements. The Veros portfolio for automotive applications includes the SYN4383 Wi-Fi 6E and SYN4384 Wi-Fi 7 products, which are pin-to-pin compatible and offer software upgradability. Synaptics Incorporated (NASDAQ:SYNA) develops, markets, and sells semiconductor products worldwide and offers several wireless connectivity solutions, such as Wi-Fi and Bluetooth. While we acknowledge the potential of SYNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
19 hours ago
- Business
- Bloomberg
Stock Movers: Verizon, Opendoor, Lululemon
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec. - Verizon (VZ) shares rallied after it posted second-quarter revenue that surpassed analysts' estimates and raised its profit outlook, buoyed by wireless price increases and recent tax legislation. Operating revenue was $34.5 billion, up 5.2% from a year earlier, The New York-based carrier said in a statement. Wall Street had been expecting $33.7 billion, on average. Wireless service revenue, which excludes device purchases and upgrades, was $20.9 billion, in line with analysts' projections. The strong performance, as well as 'favorable tax reform,' led Verizon to boost some full-year guidance metrics, including adjusted earnings before interest, tax, depreciation and amortization and free cash flow. CEO Hans Vestberg said Verizon has 'momentum and a clear path forward.' - Opendoor (OPEN) shares were halted for volatility during trading today, jumping as much as 121%, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms. The stock's triple-digit surge sent shares soaring to $4.97, well-above the $1 level it was bouncing around for the last few months. While shares in the online platform for buying and selling US real estate since pared their rally — closing around 43% higher — it's still its sixth straight day of gains. Trading was briefly halted in the afternoon because of volatility. Opendoor has been the subject of chatter among retail traders on social media in recent days after Eric Jackson, founder of Toronto-based hedge fund EMJ Capital made a series of posts on social media platform X encouraging buying. It was listed as the topmost actively traded stock on Stocktwits Monday afternoon, and was being heavily cited by posters on Reddit's WallStreetBets thread. - Lululemon (LULU) shares slipped today as the athleisure brand continues to suffer from slowing sales. Lululemon's core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, according to Randal Konik, an analyst at Jefferies. That's an alarming issue for Lululemon, he added, showing erosion in core demand for the brand's clothes. 'We've witnessed signals of a brand in decline and see risks to earnings ahead,' Konik said in a note to clients on Thursday. The analyst, a long-time critic of the company's strategy, has had an underperform rating on Lululemon's stock since 2022.
Fast Company
21 hours ago
- Business
- Fast Company
Verizon raises annual profit forecast over premium plans and tax reform
U.S. wireless carrier Verizon raised the lower end of its annual profit forecast, riding on strong demand for its premium plans and benefits from the Trump administration's new tax law. Shares of the company rose 3.5% on Monday as it also surpassed Wall Street estimates for June-quarter sales and profit, thanks to a 2.2% rise in wireless service revenue. The telecom major has launched price-lock promotions and broadband-wireless bundles to retain users as competition intensifies from AT&T and T-Mobile, as well as broadband providers Comcast and Charter. Verizon is also benefiting from favorable U.S. tax reform that allows companies to immediately write off the full cost of certain new equipment, finance chief Tony Skiadas said. He estimated the legislation will boost free cash flow by $1.5 billion to $2 billion this year, prompting Verizon to raise its forecast for the metric to between $19.5 billion and $20.5 billion, up from $17.5 billion to $18.5 billion previously. The company now expects 2025 adjusted profit to grow between 1% and 3%, compared with 0% to 3% previously. Verizon pays the highest cash taxes among major U.S. telecoms, Wells Fargo analysts said earlier this month, adding the tax law will provide a big financial boost to the industry. Shares of AT&T and T-Mobile were both up 2.3%. However, Verizon posted a surprise drop of 9,000 monthly bill-paying wireless subscribers in the second quarter, reeling from user churn after price hikes in January. Analysts polled by FactSet were expecting an increase of 13,000 subscribers. To drive growth, Verizon and its rivals have been bulking up on fiber-optic assets that can tap growing consumer data use. Verizon in May won approval from the U.S. telecom regulator for its $20 billion acquisition of fiber-optic internet provider Frontier, after it agreed to end its diversity programs. The sharper focus on internet services helped it posted 293,000 broadband net additions in the second quarter. Overall, Verizon reported revenue of $34.5 billion, beating estimates of $33.74 billion, according to data compiled by LSEG. Its adjusted earnings per share of $1.22 also beat estimates.
