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               INDUSTRY UPDATES
        26 OCT-DEC 2025
        Verizon  Accelerates  Fixed  Wireless  Broadband  Expansion  with

        Acquisition of Starry



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



        Nokia Partners with Surge to bring Affordable High-Speed Internet
        Services to Indonesia



        Nokia announced a multi-year part-   broadband access, particularly in   mance, efficiency, and safety.
        nership with leading Indonesian digi-  areas with limited fiber connectivity.  Shannedy Ong, Director at Surge
        tal and telecommunications solutions                                     Indonesia commented: “This deal
        provider, Surge, to enhance the coun-  Nokia will also supply equipment   with Nokia gives us a platform to
        try’s internet connectivity through an   from its industry-leading, energy-ef-  build a unique and best-in-class 5G
        extensive 5G FWA network deploy-     ficient AirScale Radio Access Network   network ready for the digital world
        ment in provinces including Java,    (RAN) portfolio, its latest generation   that will bridge the digital divide and
        Papua, and Maluku. The project will   of Nokia AirScale Baseband com-    bring affordable connectivity to even
        support the Indonesian government’s   bined with RRH (Remote Radio Head),   more people. Digitalization will give
        digital transformation goals and its   and zero-footprint site solutions for   our customers the best possible user
        ‘Affordable Broadband’ initiative to   unmatched coverage across mul-    experience.”
        bridge the digital divide by bringing   tiple deployment scenarios. These
        connectivity to more citizens. Deploy-  solutions are powered by Nokia’s   Mark Atkinson, Head of Radio Access
        ment will start in December 2025.    energy-efficient ReefShark System-  Networks at Nokia, said: “This signifi-
                                             on-Chip technology, boosting Surge’s   cant new partnership will see us work
        Nokia will support Surge’s efforts to   network for maximum performance,   collaboratively to deliver premium
        build a large-scale 5G FWA network   efficiency, and reliability.        connectivity experiences and accel-
        based on the n50 spectrum band                                           erate the digitalization of society in
        to deliver high-speed, low-latency   Surge will also benefit from Nokia’s   Indonesia. We have created a unique
        broadband access to its customers,   intelligent network management sys-  solution combining our best-in-class
        leveraging Nokia’s existing FTTx, IP and   tem, MantaRay NM, which provides a   technology that directly solves the
        Optics infrastructure for backhaul   consolidated network view for opti-  specific demands of Surge as they
        and transport. Nokia has developed a   mal monitoring and management.    deploy 5G connectivity across the
        customized, RAN and CPE solution for   The deal also includes deployment,   country.”
        Surge, specifically for FWA use cases,   maintenance, and support services
        delivering high-speed, low-latency   that leverage AI for enhancing perfor-

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