Verizon accelerates fixed wireless broadband expansion with acquisition of Starry

Verizon Communications has 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. 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.