Diamond Communications
Partnering with property owners to extend connectivity
In under two decades, Florida-based Diamond Communications has grown into the second-largest privately held wireless infrastructure company in the U.S. That puts the company in a strong position to benefit from the continued growth of wireless communications in the world’s biggest economy.
Asset Class
Sector
Year invested
A full-service wireless infrastructure provider
The U.S. wireless industry helped give rise to a powerful on-demand economy in the U.S. and turned mobile communications into an essential aspect of Americans’ lives. The sector’s criticality is set to continue as the rollout of 5G mobile networks progresses.
That growth is driving optimism at Diamond Communications. The Delray Beach, Florida-based company, founded in 2006, is the second-largest privately held wireless infrastructure company in the U.S. Diamond offers new tower development for wireless carriers and government entities, wireless co-location on its existing and managed properties, indoor wireless systems, fiber-network development, and high-speed broadband and WIFI networks for property owners.
A presence across the U.S.
Diamond has expanded through organic growth, infrastructure development and acquisitions and now owns and/or manages more than 4,000 tenanted wireless communications sites—towers and rooftop installations—in all 50 U.S. states. In addition, Diamond manages more than 400,000 untenanted properties for third-party companies, including major electric utilities and operators of outdoor media and toll road assets. Diamond has also helped municipalities, golf courses, and master planned community developers provide connectivity solutions for their residents, customers and employees with support from the wireless carriers as tenants on new or existing infrastructure. Overall, Diamond is well positioned to benefit from the continued growth of wireless communications.
Ontario Teachers’ invested in Diamond in 2023, attracted by the opportunity to partner with Diamond founder and CEO Ed Farscht, an industry veteran. Farscht says the industry’s long-term outlook is strong, not least as the growth of AI creates more mobile connectivity use cases.
Improving connectivity in Grand Teton National Park
Diamond has extensive experience in working to meet regulatory and environmental standards and engaging with multiple stakeholders. An eight-year project to install new wireless infrastructure in Grand Teton National Park illustrates Diamond’s approach. The company focused on protecting park species during construction, and minimized visual impacts by deploying stealth communications towers that blend into the natural surroundings. The result: improved safety and connectivity in this popular U.S. national park, benefiting visitors and employees alike.
As the volume of data going through the network grows and the number of connected devices in the U.S. proliferates, you’ll need more towers, and more tenants on existing infrastructure. That’s what’s driving growth in the sector.
