January 27, 2015 5:49 AM ET

Specialty Retail

Company Overview of Diamond Wireless, LLC

Company Overview

Diamond Wireless, LLC sells wireless phones in the western United States. The company was founded in 1999 and is based in Sandy, Utah. It has store locations in Arizona, California, Colorado, Hawaii, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. As of October 1, 2010, Diamond Wireless, LLC operates as a subsidiary of Glentel Inc.

200 West Civic Center Drive

Suite 202

Sandy, UT 84070

United States

Founded in 1999





Key Executives for Diamond Wireless, LLC

Diamond Wireless, LLC does not have any Key Executives recorded.

Diamond Wireless, LLC Key Developments

Diamond Wireless Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Diamond Wireless reported earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported sales of CAD 113,695,000 against CAD 77,142,000 a year ago. EBITDA was CAD 9,953,000 against CAD 8,393,000 a year ago. EBIT was CAD 9,010,000 against CAD 7,752,000 a year ago. For the year, the company reported sales of CAD 316,715,000 against CAD 238,087,000 a year ago. EBITDA was CAD 22,365,000 against CAD 17,876,000 a year ago. EBIT was CAD 19,795,000 against CAD 15,309,000 a year ago. Sales increased in the quarter and for the year of 2013 as a result of Diamond Wireless operating 154 retail stores in BJ's across 13 U.S. states since August 1, 2013.

Glentel's Diamond Wireless, LLC Signs Multi-Store Deal with BJ's Wholesale Club Inc

GLENTEL Inc. announced that its U.S. subsidiary, Diamond Wireless, LLC (Diamond Wireless), an exclusive Verizon Wireless premium retailer, has entered into a multi-year wireless kiosk licensing agreement with BJ's Wholesale Club Inc. (BJ's). Effective August 1, 2013, Diamond Wireless will manage and operate the store-within-a-store kiosks at BJ's warehouses currently located in 12 states across the eastern and southern United States. Diamond Wireless will continue to provide the wireless communication devices, accessories, service and expertise that BJ's club members have come to expect. Smartphones and other wireless devices sold at the kiosks are activated exclusively through Verizon Wireless, which offers America's large 4G LTE network.

Diamond Wireless, LLC Announces Earnings Results for the First Quarter Ended March 31, 2013

Diamond Wireless, LLC announced earnings results for the first quarter ended March 31, 2013. For the period, the company reported sales of retail mobile phone products, tablets and services increased 20% to $60.1 million, compared to $50.3 million. Operating income before change in fair value of redeemable financial instruments, other, finance income and expense, corporate costs, and taxes increased to $2.6 million, compared to $1.7 million. Sales increased as a result of greater number of stores operating in the quarter compared to the same period in 2012, and with the increased price points of smartphones. The Samsung Galaxy S III and the Apple iPhone 5, in association with new price points for Apple iPhone 4 and iPhone 4S helped increase sales in the first quarter of 2013.

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