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Apollo Global to Sell Tower Operator Parallel to Palistar-Backed Company

Apollo Global Management Inc. agreed to promote wi-fi tower firm Parallel Infrastructure to a purchaser backed by Palistar Capital, which plans to make investments greater than $1 billion to develop the enterprise.

The deal would create one of many largest cellphone infrastructure corporations within the U.S., with greater than 2,000 websites both working or below development throughout 41 states, as soon as Parallel is mixed with developer Harmoni Towers LLC, New York-based Palistar mentioned. Palistar acquired Harmoni in June 2020.


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