Elauwit designs, installs, and manages fiber and WiFi broadband networks in multifamily and student housing properties. Elauwit's customers are property owners, not residents — property owners use Elauwit's network to offer internet as an amenity, earning the spread between what they charge residents and what they pay Elauwit. Elauwit handles network design, installation, monitoring, and 24/7 resident support. Elauwit offers two service models: Managed Services, where the property owner funds installation and pays Elauwit a recurring monthly per-unit fee (typically under a 5-year contract); and Network-as-a-Service (NaaS), where Elauwit funds and owns the network itself in exchange for higher monthly fees over 7-8 year contracts. NaaS is targeted at existing properties where owners are reluctant to deploy capital. Elauwit generates one-time construction revenue when networks are built, and recurring monthly fees over the contract term — the latter being the more valuable, high-margin revenue stream. Elauwit targets portfolio-level relationships with property ownership groups, selling directly to C-suite executives at companies with 500+ unit portfolios. Growth comes from winning new-build contracts, converting existing properties to NaaS, and acquiring smaller competitors in a fragmented market — Elauwit has identified 40+ potential acquisition targets. As of early 2026, Elauwit operates across 27 states, with concentration in the Southeast, Florida, Texas, and the DC metro area.