U.S. telecom Verizon (NYSE:VZ) has purchased smaller broadband internet provider Starry for an undisclosed sum, the companies said in a joint statement on Wednesday.
The acquisition will allow Verizon to deliver high-speed internet to multi-dwelling units and urban communities by leveraging Starry’s millimeter wave technology, which is less expensive to build, quicker to deploy, and addresses the complexities of urban settings.
Starry’s MDU network would provide “a significant opportunity” to expand Verizon’s FWA footprint, the companies said.
“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,” said Joe Russo, EVP and President, Global Networks and Technology, Verizon.
Starry, whose net promoter score is nearly double the industry average, currently serves nearly 100k MDU customers in five markets: Boston, New York, Los Angeles, Denver, and Washington, D.C.
The acquisition is expected to close by the first quarter of 2026.