ERF Wireless, Inc. (OTCBB:ERFB) will spend "several million" dollars to upgrade its Texas networks, including those in the Eagle Ford Shale, Chief Executive Officer Dean Cubley said. ERF Wireless has its sights on acquiring more companies as it looks to improve its coverage in the Eagle Ford Shale-producing region, Cubley said. He declined to identify its current acquisition targets.

"We've got two candidates down there right now," Cubley said. "One is more likely than the other."