# Elauwit Connection Secures Managed WiFi Contract for 530 Multifamily Units

- URL: https://stocks.freetheai.org/news/elauwit-connection-secures-managed-wifi-contract-for-530-multifamily-units-0311cd
- Published: 2026-10-13T11:00:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:ELWT](https://stocks.freetheai.org/symbols/NASDAQ-ELWT)
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Elauwit Connection, Inc. (ELWT) has been selected by real estate operator Avenue Living to provide managed WiFi services across three residential communities. The contract encompasses 530 total multifamily units spread across three U.S. states, with network activations targeted for December 2026. Shares of Elauwit Connection fell 4.17% to $5.75 in recent trading.

The agreement marks the telecommunications provider's first contract win with Avenue Living, establishing an entry point into the owner's broader property portfolio. The 530 additional units build upon Elauwit Connection's contracted base, which reached 42,687 units in the second quarter—a 33% increase compared to the prior year. The expansion supports the company's effort to reach its target of over 50,000 contracted units.

Investors will be monitoring execution progress leading up to the late 2026 activation target, as well as the potential for follow-on awards across Avenue Living's remaining properties. Potential risks include site construction delays that could affect the timing of network deployment and subsequent revenue recognition.

## Key points

- Elauwit Connection was awarded a 530-unit managed WiFi contract covering three multifamily communities across three U.S. states.
- Network activations are scheduled for December 2026, marking the company's first project with Avenue Living.
- The deal contributes to Elauwit Connection's goal of exceeding 50,000 total contracted units.
- The company reported 42,687 contracted units in Q2, up 33% year-over-year.

## Questions and answers

### What is Elauwit Connection's new WiFi contract?

Elauwit Connection was selected by Avenue Living to deliver managed WiFi across three multifamily communities totaling 530 units in three U.S. states.

### When will the new WiFi networks be activated?

Activations for the 530 units are targeted for December 2026.

### How many contracted units does Elauwit Connection have?

Elauwit Connection ended the second quarter with 42,687 contracted units, a 33% year-over-year increase, as it works toward a target of over 50,000 units.