Starry Group Holdings, Inc.
STRY-WT
New York Stock Exchange0.02
USD
- -
- -
CIK
0001884697
Return %
Stock
S&P500
1Y
-84.23
26.84
3Y
-84.23
77.03
5Y
-84.23
80.55
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- CIK
- 0001884697
- Similar Companies
- Business
- Starry Group Holdings, Inc. operates as a telecommunications company specializing in the provision of fixed wireless broadband internet services primarily targeting multi-dwelling units (MDUs) in urban markets. The company's core products and services include delivering high-speed broadband internet access utilizing wideband hybrid fiber wireless technology, which leverages millimeter wave spectrum to provide gigabit-capable internet to homes and apartment complexes. Its fixed wireless network technology reduces reliance on municipal infrastructure, enables quicker deployment than traditional fiber networks, and is aimed at dense urban markets. Starry serves key metropolitan areas including Boston, New York City, Los Angeles, Denver, and Washington, D.C. The company focuses on improving internet accessibility and affordability in these markets. Founded in 2021 and headquartered in New York, Starry has undergone significant recent strategic changes. The company successfully emerged from Chapter 11 bankruptcy in mid-2023 after an expedited reorganization, during which it reduced its funded indebtedness by $195 million and secured new capital to refocus on its core urban market operations. In 2024 and 2025, Starry exited the Columbus, Ohio market to consolidate resources and enhance operational efficiency in its main urban centers. Most notably, Starry entered into a definitive agreement to be acquired by Verizon Communications Inc. in October 2025, a deal expected to close by the first quarter of 2026, pending regulatory approval. This acquisition aims to bolster Verizon’s fixed wireless access capabilities in multi-dwelling units by integrating Starry’s technology and expertise, enhancing broadband availability in urban communities through the use of innovative millimeter wave technology. Starry’s fixed wireless broadband service is supported by advanced technology including arrays to amplify wireless signals from multiple antennas deployed across service regions. The company targets urban residential and multi-family housing markets with an emphasis on efficient internet deployment and competitive service offerings. Starry’s expertise in millimeter wave spectrum utilization positions it distinctively in the fixed wireless access (FWA) segment, addressing the complexities of providing high-speed internet in dense urban settings. The company is part of the broader telecommunications industry and operates within a competitive landscape that includes other broadband and wireless providers in the United States. Starry is recognized for its innovative approach to delivering broadband services rapidly and cost-effectively in multi-dwelling unit environments.