Announced
Synopsis
Ontario Teachers' Pension Plan Board, an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario, agreed to acquire Diamond Communications, an owner and manager of communication towers and colocation structures in the United States. Financial terms were not disclosed. "We are delighted to welcome Ontario Teachers' as a strategic partner. In addition, we appreciate the continued support of our existing shareholders, including Manulife Investment Management and Sculptor Real Estate. They bring a wealth of global infrastructure experience and Diamond values their long-term perspective on our business, which is consistent with Diamond's strategic approach to long-term value creation. We look forward to partnering with Ontario Teachers' and our existing investors as Diamond furthers our mission to expand high quality, reliable wireless communications infrastructure," Ed Farscht, Diamond CEO.
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