DELRAY BEACH, FL July 16, 2024 – Diamond Communications (“Diamond”), a leading private wireless infrastructure company, has entered into an agreement with ITC Midwest LLC (“ITC Midwest") to market and manage the installation of wireless carrier equipment on select ITC Midwest electric transmission assets in Illinois, Iowa, Minnesota and Missouri.
The relationship will enable wireless carriers access to ITC Midwest’s transmission structures, and offers the potential for new tower development on ITC Midwest controlled real estate on a build-to-suit basis. ITC Midwest’s infrastructure, which includes thousands of transmission structures and hundreds of parcels of land, provides the necessary infrastructure to accelerate carriers’ build-outs throughout the Midwest.
“Diamond is excited to partner with ITC Midwest to enhance access to their many colocatable assets in the Midwest – a region where we have long-standing, successful relationships with the major wireless carriers,” said Ed Farscht, Diamond’s Chief Executive Officer. “We look forward to leveraging our knowledge and best practices that we’ve developed in the utility space to benefit the communities ITC Midwest serves. We are thrilled that the team at ITC has entrusted Diamond to expand use of their assets for wireless development.”
“We look forward to working with Diamond as the company expands wireless technology across our service territory,” said ITC Midwest President Dusky Terry. “Not only will this expand wireless technology access for the communities that we serve, but it will help offset transmission network rate pressure, which ultimately benefits electricity consumers.”
About Diamond Communications
Diamond was founded in 2006 and owns/manages over 4,000 tenanted wireless communication sites in the United States as well as other communications infrastructure, including fiber and distributed antenna properties. Over the last several years, Diamond and its shareholders have invested approximately $2 billion of capital into various assets. Diamond has offices throughout the United States and also manages over 400,000 third-party properties and structures in all fifty states. Diamond has longstanding relationships with the wireless carriers, first responders, and other wireless and fiber users. Please visit our website at www.diamondcomm.com