The deal, expected to close by the first quarter of 2026, will strengthen Verizon’s ability to deliver high-speed internet to urban and high-density residential environments using Starry’s innovative millimetre wave (mmWave) technology.
Starry currently provides next-generation broadband to nearly 100,000 MDU customers across five U.S. markets, Boston, New York, Los Angeles, Denver, and Washington, D.C.
The company’s technology enables cost-efficient and scalable deployment of high-capacity broadband in complex urban environments, an area that has historically posed challenges for traditional fibre-based solutions.
“As the #1 mobility provider, Verizon’s acquisition of Starry is another step to extend our leadership in mobility and broadband,” said Joe Russo, EVP and president, global networks and technology at Verizon.
“Starry has demonstrated a unique and efficient approach to delivering high-speed internet in complex MDU environments.
“By integrating their technology and expertise, we will accelerate our fixed wireless access capabilities, giving millions of new customers a powerful and affordable broadband option. This architecture is less expensive to build, quicker to deploy, and uniquely addresses the complexities of urban settings where we can leverage our existing fibre and mmWave assets.”
The acquisition will also help Verizon advance its fixed wireless access (FWA) growth plan, aiming to double subscribers to between 8 and 9 million by 2028 and expand fixed wireless broadband availability to 90 million households over the same period.
Verizon’s extensive fibre backbone and mmWave spectrum holdings provide the foundation for this expansion, enabling high capacity and ultra-fast speeds across dense metropolitan areas.
The transaction remains subject to FCC approval and other customary closing conditions. Guggenheim Securities, LLC acted as exclusive financial advisor to Starry.
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