Smartcomm LLC Forms 'Caribe Spectrum Holdings LLC' to Focus on Wireless Opportunities in the Caribbean

PHOENIX, April 21 /PRNewswire/ -- Smartcomm LLC, a wireless communications consulting and investing firm, has formed a new company independent of Smartcomm to focus on wireless and spectrum opportunities in Puerto Rico and the greater Caribbean region. Caribe Spectrum Holdings LLC 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 LLC 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 LLC.

"We are excited to launch this new company and extend our wireless communications consulting and expertise to the Caribbean region," said Carole Downs, president and co-founder of Smartcomm LLC. "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 LLC 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.

About Smartcomm LLC

Phoenix-based Smartcomm LLC provides consulting services and investment opportunities in the wireless communications industry to both individual and institutional investors. The company specializes in opportunities to acquire 700 MHz, 800 MHz and 1.9 GHz band spectrum through the filing of license applications, participation in FCC public auctions or acquisitions in the secondary market. For more information, go to www.smartcommllc.com

SOURCE Smartcomm LLC

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