Verizon (VZ) Agrees to Acquire Starry

Core Viewpoint - Verizon Communications Inc. is acquiring Starry to enhance its high-speed internet offerings, particularly for multi-dwelling units and urban areas, leveraging Starry's advanced technology and market presence [1][2][3]. Group 1: Acquisition Details - Verizon has agreed to acquire Starry, a provider of next-generation fixed wireless broadband services [1]. - The acquisition is expected to close by the first quarter of 2026 [4]. Group 2: Strategic Benefits - This transaction will enable Verizon to utilize Starry's millimeter wave technology, which is crucial for delivering ultra-fast internet speeds [2][3]. - Verizon's extensive fiber network and mmWave spectrum holdings position the company well to expand its fixed wireless access footprint in urban communities [3][4]. Group 3: Market Presence - Starry currently serves nearly 100,000 multi-dwelling unit customers across major cities including Boston, New York, Los Angeles, Denver, and Washington, DC [4].