Mon Oct 13 14:00:00 UTC 2025: Here’s a summarized news article based on the provided text:
**Verizon to Acquire Starry, Expanding Fixed Wireless Footprint**
NEW YORK – Verizon Communications Inc. (VZ) has announced a definitive agreement to acquire Starry, a leading provider of fixed wireless broadband, for an undisclosed amount. The move is aimed at bolstering Verizon’s ability to deliver high-speed internet to multi-dwelling units (MDUs) and urban communities.
The acquisition, expected to close by the first quarter of 2026, will significantly expand Verizon’s fixed wireless capabilities. The company anticipates doubling its fixed wireless subscriber base to 8-9 million by 2028 and extending service to 90 million households, leveraging Starry’s existing network infrastructure, which focuses on millimeter wave technology in urban markets like Boston, New York, Los Angeles, Denver, and Washington, D.C.
This acquisition follows Verizon’s strategy of investing heavily in fiber infrastructure and 5G technology. They are also trying to buy Frontier Communications.
However, Verizon is facing headwinds, including a saturated wireless market, competitive pricing pressures, and declining legacy services which have negatively impacted profitability. Its stock price has also underperformed compared to some competitors. Analysts have mixed views on Verizon’s future growth prospects, though it is expanding in new directions to continue growth.
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