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Smartcomm to Focus on Wireless Opportunities in the Caribbean

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Smartcomm, a wireless consulting and investing firm, says that it has formed a new company to focus on wireless and spectrum opportunities in Puerto Rico and the greater Caribbean region. Caribe Spectrum Holdings will open an office in Puerto Rico this summer and begin extending the company's wireless communications expertise across the many island nations in the Caribbean.

Phoenix-based Smartcomm is currently leading a group of investors building a 4G wireless network in Puerto Rico. During the process of building this network, the leaders of Smartcomm became aware of the significant wireless opportunities in the region. In addition, during their efforts in Puerto Rico, key business relationships and contacts were formed prompting the creation of Caribe Spectrum Holdings.

"We are excited to launch this new company and extend and our wireless communications consulting and expertise to the Caribbean region," said Carole Downs, president and co-founder of Smartcomm. "We are on schedule with the Puerto Rico 4G network and are anxious to seek other opportunities."

Angel Benitez, a Member of Caribe Spectrum Holdings will manage the San Juan office. Downs said once Caribe is established, company leaders plan to begin seeking wireless spectrum investment opportunities in the Caribbean with the eventual goal of raising $70 million over the next six months for spectrum acquisition and other projects.

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Tags: smartcomm  caribbean  Puerto Rico