Verizon Boosts Fixed Wireless Growth by Acquiring Starry in Major Broadband Expansion
Verizon Communications Inc. is poised to enhance its fixed wireless growth through the acquisition of Starry, a prominent fixed wireless broadband provider. Starry specializes in delivering broadband services to multi-dwelling units (MDUs) across five key markets: Boston, Denver, Los Angeles, New York, and Washington, D.C. This acquisition aims to expand Verizon’s broadband reach significantly by 2028 with plans to extend fixed wireless services to 90 million households.
Major Expansion Plans
The strategic move by Verizon is designed to double its fixed wireless subscriber base to between 8 and 9 million by the end of 2028. The acquisition enables Verizon to leverage Starry’s millimeter wave technology, providing an efficient means to deliver high-speed internet to urban and densely populated areas. Joe Russo, Executive Vice President and President of Global Networks and Technology at Verizon, emphasized that this architecture is cost-effective and quickly deployable, making it ideal for complex urban settings.
Benefits of the Acquisition
- The acquisition is expected to close by the first quarter of 2026.
- It is subject to approval by the Federal Communications Commission (FCC) and other closing conditions.
- Starry’s network currently serves approximately 100,000 MDU customers, offering Verizon a substantial platform for expansion.
- Starry’s customer satisfaction is demonstrated by a Net Promoter Score nearly double the industry average.
Strategic Advantages
Verizon stands out with its significant fiber backbone and extensive millimeter wave spectrum holdings, crucial for delivering high-capacity internet services. This infrastructure is integral to supporting the high speeds required in urban environments and apartment complexes.
Future Outlook
Verizon, headquartered in New York City, serves various countries and nearly the entire Fortune 500. It generated revenues of $134.8 billion in 2024. As part of its ongoing innovation, Verizon’s acquisition of Starry marks a formidable step in advancing its mobility and broadband leadership.
For more details on Verizon, visit their website or retail locations. Meanwhile, Starry continues to promote simple, affordable broadband solutions, focusing on high-speed connectivity for communities. The collaboration promises to enhance accessibility and affordability, meeting the growing demand for reliable internet in urban areas.
