Diamond State Networks
Diamond State Networks is a wholesale broadband provider, founded in 2021 in Jonesboro, Arkansas, that aggregates fiber-optic networks of electric cooperatives into a unified wholesale platform serving carriers and ISPs in rural markets.
- Company typePrivate
- Founded2021
- HeadquartersJonesboro, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Diamond State Networks does
Diamond State Networks is a wholesale broadband provider founded in 2021 and headquartered in Jonesboro, Arkansas (the "Diamond State"). The company's stated purpose is to unite the fiber-optic networks of electric cooperatives into a single aggregated wholesale platform, enabling cooperative members to monetize existing fiber infrastructure and extend broadband service into rural markets that traditional carriers have underserved. The business model is structurally B2B wholesale: cooperative owners contribute fiber routes, rights-of-way, and operational assets into the network, and Diamond State Networks markets combined capacity to carriers, ISPs, and enterprise customers at scale unattainable by any single member.
The underlying technology is fiber-optic transport infrastructure — physical long-haul and middle-mile routes aggregated across multiple cooperative territories — combined with the operational backbone required to operate them as a unified wholesale network. Headcount of 51-100 employees is consistent with an early-stage network operator in active buildout, covering roles in network engineering, NOC operations, sales, and cooperative member services. The company is private, for-profit, and led by Doug Maglothin (CEO) with Jill McDaniel listed as interim CEO, suggesting a leadership transition in progress. No public revenue, funding, customer logos, or product-level detail are available from the available sources, limiting deeper operational visibility.
Diamond State Networks firmographics
Firmographics- Name
- Diamond State Networks
- Website
- https://diamondstatenetworks.com
- Company type
- Private
- Founded year
- 2021
- Headcount range
- 51–100 employees
- Short description
- Diamond State Networks is a wholesale broadband provider, founded in 2021 in Jonesboro, Arkansas, that aggregates fiber-optic networks of electric cooperatives into a unified wholesale platform serving carriers and ISPs in rural markets.
- Ownership category
- akta.pro rank
Diamond State Networks industry classification
Industry- Product category
- Wholesale Broadband Infrastructure
- NAICS
- Wired Telecommunications Carriers (517111), Wired and Wireless Telecommunications Carriers (except Satellite) (51711), All Other Telecommunications (51781)
- akta.pro primary industry
- Dedicated Internet Access (DIA) & Business Broadband (HDAIAFAD)
- akta.pro secondary industries
- Business/Enterprise ISPs (Dedicated Internet Access) (HDAIADAB), IP Transit & Internet Backbone (Tier-1/2, peering, DIA) (HDAIAEAA), Private Cellular Networks for Utilities (Private LTE/5G Core, RAN, SIM/eSIM) (EUADAIAF)
Keywords
Where Diamond State Networks is headquartered
LocationHeadquarters
- HQ city
- Jonesboro
- HQ country
- United States
- HQ region
- North America
Markets served
Diamond State Networks business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Personnel, Operations
Diamond State Networks product offering
Product offeringCore offering
Diamond State Networks is a wholesale broadband provider that unites the fiber-optic networks of electric cooperatives. It supplies high-capacity fiber connectivity on a wholesale basis to carriers, ISPs, and other telecom operators leveraging the existing fiber assets of its member electric cooperatives.
Differentiator
Problem solved
Functional benefit
Products and services
- Wholesale Fiber Broadband
Companies that use Diamond State Networks
Customer profileIdeal customer profiles1 record
Diamond State Networks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Diamond State Networks partnerships and signals
Strategic signalRecent moves2 records
Expansion highlights2 records
Diamond State Networks competitors and assessment
Company assessmentDirect peers
- National Rural Telecommunications Cooperative (NRTC): Cooperative-owned broadband and telecom services organization serving rural electric cooperatives and utilities across the U.S. Highly comparable in mission (aggregating member-owned fiber for wholesale and managed services) and customer base.
- Zayo Group: Large wholesale fiber and lit-services provider selling dark fiber, wavelength, IP transit, and DIA to carriers and enterprises. Direct competitor for wholesale broadband transport contracts that Diamond State Networks targets.
- Consolidated Communications: Fiber and broadband provider serving many rural and mid-sized markets, including cooperative-served geographies. Comparable in selling wholesale capacity and enterprise transport services to carriers.
Broad incumbents
- Lumen Technologies: Tier-1 incumbent carrier with extensive intercity and rural fiber across the U.S., offering wholesale IP transit, wavelength, and DIA. Competes head-to-head for the same enterprise and carrier transport customers, though from a much broader portfolio.
- Crown Castle Fiber: Owns and wholesales extensive metro and long-haul fiber, including fiber-to-the-tower backhaul. Targets similar carrier and enterprise buyers with similar lit and dark fiber wholesale products.
- Brightspeed: Recent fiber-focused incumbent carved out of Lumen, building fiber-to-the-home and wholesale fiber across rural and mid-tier U.S. markets — directly overlapping Diamond State Networks' cooperative-utility geography.
Regional players
- TDS Telecom: Regional ILEC and fiber builder serving rural and small-town markets in the Midwest and South, including areas with electric cooperative overlap. Comparable in customer base and wholesale/retail broadband mix.
Emerging players
- GTL Limited / Unite Private Networks: Regional wholesale and enterprise fiber operator aggregating lit services across the Midwest, including utility-adjacent geographies. Comparable mid-scale wholesale fiber model targeting carrier and enterprise buyers.
- MetaLINK Technologies (and cooperative fiber JVs): Smaller regional fiber builder leveraging partnerships with electric cooperatives and rural utilities in the Midwest to deliver wholesale and retail broadband — closely comparable scale and customer profile.
Others
- CoBank: Cooperative Farm Credit system bank that finances rural utility and broadband cooperatives, including electric cooperative fiber builds. Adjacent enabler that shapes the capital availability for Diamond State Networks' partner network.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
Diamond State Networks social profiles
Digital presenceDiamond State Networks financial estimates
Financial estimateRevenue estimate
Valuation estimate
Diamond State Networks leadership team
Management profileNumber of profiles
Profiles2 records
Diamond State Networks funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Diamond State Networks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Diamond State Networks
What does Diamond State Networks do?
Diamond State Networks is a wholesale broadband provider that unites the fiber-optic networks of electric cooperatives. It supplies high-capacity fiber connectivity on a wholesale basis to carriers, ISPs, and other telecom operators leveraging the existing fiber assets of its member electric cooperatives.
When was Diamond State Networks founded?
Diamond State Networks was founded in 2021. It employs 51 to 100 people.
Where is Diamond State Networks based?
Diamond State Networks is headquartered in Jonesboro, United States, in the North America region.
Who are Diamond State Networks's main competitors?
Direct peers on record are National Rural Telecommunications Cooperative (NRTC), Zayo Group and Consolidated Communications. Broad incumbents are Lumen Technologies, Crown Castle Fiber and Brightspeed. TDS Telecom is listed as a regional player. Emerging players are GTL Limited / Unite Private Networks and MetaLINK Technologies (and cooperative fiber JVs). CoBank is listed as an others.
Does Diamond State Networks have an API?
No public API is recorded for Diamond State Networks.
What industry is Diamond State Networks in?
Diamond State Networks's product category is Wholesale Broadband Infrastructure. Its primary akta.pro industry code is HDAIAFAD, Dedicated Internet Access (DIA) & Business Broadband, with a secondary code of HDAIADAB, Business/Enterprise ISPs (Dedicated Internet Access). Its NAICS code is 517111.