Diamond Communications Continues to GrowComments Off on Diamond Communications Continues to Grow
Diamond Communications, a privately-owned tower company, has completed the acquisition of a nationwide portfolio of towers from Capital Telecom, who owns 23,000 commercial sites nationwide for development. In addition to this deal, Diamond and Capital Telecom have entered into a strategic partnership to build additional towers. Capital Telecom will continue to operate independently to develop, maintain and manage towers nationally. Diamond will provide funding for Capital Telecom through the Diamond Tower Developer Partnership Program.
“We are excited to have completed the acquisition of Capital Telecom’s towers, thereby accelerating our growth and solidifying our position as one of the larger privately-owned wireless tower companies in the U.S.,” said Ed Farscht, Chief Executive Officer of Diamond. “Further, the strategic partnership with Capital Telecom will enable Diamond to work closely with a well established and respected management team and deploy additional capital in newly developed tower assets.”
If you enjoyed this post, please sign up for Inside Towers, our daily telecom newsletter: www.insidetowers.com