Verizon to boost MDU biz as Starry deal closes

Verizon will beef up its multiple-dwelling unit business organically with its own fixed wireless access (FWA) platform and its recent addition of Starry. Verizon just wrapped up its acquisition of Starry, said Verizon EVP and CFO Tony Skiadas. Verizon announced the deal last October. The financial terms were not disclosed, but the acquisition gives Verizon access to Starry's tech and its service presence in five US markets: Boston, Denver, Los Angeles, New York, and Washington (DC). Starry, which emerged from Chapter 11 bankruptcy in August 2023, had "nearly" 100,000 customers when the deal was announced, according to Verizon, offering speeds up to 1 Gbit/s in some areas. Starry was laser-focused on the MDU sector, though it dabbled in the single-home residential market in Columbus (OH) for a short time.