JP Morgan Veteran to Lead Investment Vertical Drawing on Telco Device Lifecycle Financing Expertise, Partnerships with Global Manufacturers & Operators
MIAMI, September 15, 2021–(BUSINESS WIRE)–Leste Group, a global independent alternative investment manager, is pleased to announce that it has partnered with veteran financial executive Cassio Calil to launch a new mobility strategy that will invest in solutions around mobile device financing, subscriptions and early upgrades.
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Cassio Calil, Leste Group (Photo: Business Wire)
Mobility has begun to gain attention as an investment strategy in recent years as original equipment manufacturers (OEMs), telco operators and mobile virtual network operators (MVNOs) around the world have sought affordability solutions to provide users access to improving smartphone options and manage services around these devices. Calil, an investment banker who designed and launched the first smartphone subscription and early upgrade solutions within the telecommunication industry, will lead the firm’s activities in this exciting new area
Leveraging both sophisticated deal structuring and telecommunications technology and supply chain knowledge, Leste’s mobility strategy will seek out and effectively structure these opportunities at scale. By partnering with OEMs, global operators, enterprises, retailers, and like-minded investors, the strategy will ease capital expenditure burdens for telco and mobile providers, expand affordability and financing options for consumers while providing attractive returns and genuine portfolio diversification for qualified investors.
“Our mobility proposition is a strong complement to the more traditional strategies we have built at Leste Group, and with this launch we are pleased to be one of the first alternatives managers in the United States to really take the opportunity…