Verizon is for an undisclosed sum. The acquisition is anticipated to shut within the first quarter of 2026, however is topic to FCC approval. Verizon has already labored to appease the US authorities by ending DEI initiatives, so the FCC is probably going to provide its seal of approval to this merger.
This acquisition ought to assist Verizon develop its wi-fi broadband presence throughout the nation. Starry makes a speciality of offering high-speed Internet to a number of dwelling models (MDUs) and concrete communities. It is troublesome to adequately cowl these environments, as city environments current some distinctive challenges.
Starry solves this through the use of her patented millimeter wave expertisewhich can now be owned by Verizon. Simply put, the corporate installs nodes in populated areas that transmit concentrated radio waves which are picked up by receivers exterior condominium buildings and the like. This permits for a service that rivals a fiber connection with regards to downloads, nevertheless it’s all finished wirelessly.
The firm has seen speedy development in recent times, with greater than 100,000 prospects in cities equivalent to Boston, Los Angeles, New York, Denver and Washington DC. “Starry has demonstrated a novel and environment friendly method to delivering high-speed Internet in advanced MDU environments,” stated Joe Russo, government vp of Verizon. “By integrating their expertise and experience, we are going to speed up our fastened wi-fi entry capabilities.”