Verizon Communications Inc. (NYSE, Nasdaq: VZ) announced a definitive agreement to acquire Starry, a leading provider of next-generation fixed wireless broadband services. This strategic acquisition advances Verizon's differentiated ability to deliver high-speed internet to multi-dwelling units (MDUs) and urban communities, leveraging Starry’s innovative millimeter wave technology.
"As the #1 mobility provider, Verizon’s acquisition of Starry is another step to extend our leadership in mobility and broadband,” said Joe Russo, EVP and President, Global Networks and Technology, Verizon. "Starry has demonstrated a unique and efficient approach to delivering high-speed internet in complex MDU environments. By integrating their technology and expertise, we will accelerate our fixed wireless access capabilities, giving millions of new customers a powerful and affordable broadband option. This architecture is less expensive to build, quicker to deploy, and uniquely addresses the complexities of urban settings where we can leverage our existing fiber and mmWave assets."
This strategic acquisition advances Verizon's differentiated ability to deliver high-speed internet to multi-dwelling units (MDUs) and urban communities, leveraging Starry’s innovative millimeter wave technology and established market presence. Verizon is uniquely positioned to accelerate this expansion because of its significant fiber backbone and extensive holdings of mmWave spectrum, which are essential for providing the high capacity and ultra-fast speeds required to serve dense urban environments and apartment complexes.
Starry currently serves nearly 100k MDU customers in five markets: Boston, New York, Los Angeles, Denver, and Washington, D.C., and its MDU network provides a significant opportunity to expand Verizon’s FWA footprint. Starry has a Net Promoter Score (NPS) that is nearly double the industry average.
The acquisition is expected to close by first-quarter 2026, subject to FCC approval and other customary closing conditions.
Source: https://www.verizon.com/about/news/verizon-acquisition-starry
