Overview

• Verizon did not disclose terms of the agreement to buy the Boston-based provider.
• Starry focuses on millimeter-wave service for multi-dwelling units, with more than 100,000 customers in Boston, New York, Los Angeles, Denver and Washington, D.C.
• Verizon says Starry’s technology and expertise will accelerate its fixed wireless access rollout to reach more households.
• The deal follows Starry’s 2022 SPAC listing and a 2023 Chapter 11 restructuring that set up a sale.
• U.S. carriers including Verizon, T-Mobile and AT&T now count roughly 13 million fixed wireless households, reflecting growing demand in dense housing.