TOMBALL, Texas-LitFiber announced it has secured approximately 200 radio towers and 200 rooftop sites in the United States and plans to begin building out three distinct nationwide wireless networks.
One network will be dedicated to homeland security data and voice communications; another will be primarily for public Christian use; and a third network will be for small office/home office and small-to-medium sized business users. According to LitFiber, each network will include voice-over-IP, data and Internet services.
“We are having an excellent response approaching potential acquisition candidates within the three distinct market segments set by the acquisition and investment committee: software, wireless, and IP-based products and services,” said John D. Jarvis, the company’s chief operating officer. “I think LitFiber’s success will be even greater when the companies we approach know that our goals are to help advise and advance their companies.”
LitFiber also said it plans to go public by the second quarter of this year.