US fixed wireless access (FWA) provider Starry, which started trading on the New York Stock Exchange (NYSE) in March, following its USD1.76 billion ‘business combination’ with FirstMark Horizon Acquisition Corp, has revealed that the numbers of serviceable homes within its operational footprint increased to 5.473 million as of 31 March 2022, up from 4.545 million one year earlier. However, the ISP served just 71,247 broadband subscriptions at that date, compared to 41,532 in March 2021. The company is confident of reaching the 100,000 milestone before end-2022.
Chet Kanojia, Starry co-founder and CEO, commented: ‘Our disciplined approach over the last year to our business has created a solid foundation upon which to steadily grow and accelerate the business, even amidst difficult macroeconomic headwinds. These are challenging times for consumers, but home broadband access remains essential, and our business and technology are strongly positioned to meet that need in our current and future markets.’
Founded in 2014, Starry currently offers coverage of six markets, namely: Boston, New York, Los Angeles, Denver, Columbus and Washington DC.
Source: https://www.commsupdate.com/articles/2022/05/13/starry-increases-serviceable-homes-coverage-to-5-5m/
