Verizon Eyes Urban Growth With Starry Wireless Acquisition

Verizon Communications Inc.(VZ) announced on Wednesday that it has reached a definitive deal to acquire fixed wireless provider Starry, in a move to expand high-speed broadband access across urban markets.

By acquiring Starry, Verizon intends to boost its fixed wireless access (FWA) capabilities by using Starry’s millimeter wave technology and established customer base. 

Starry’s network currently reaches close to 100,000 customers living in multi-dwelling units (MDUs) across five major cities – Boston, New York City, Los Angeles, Denver, and Washington, D.C. These markets represent key urban zones where Verizon can extend its broadband services with minimal infrastructure expansion due to Starry’s existing deployments.

Verizon Communications stock inched 0.5% higher in Wednesday’s premarket. On Stocktwits, retail sentiment around the stock changed to ‘bullish’ from ‘extremely bullish’ the previous day amid ‘extremely high’ message volume levels. 

Verizon said its MDU strategy will help the company grow its fixed wireless customer base to between 8 and 9 million by 2028, while also making the service available to 90 million homes during that time. 

“This architecture is less expensive to build, quicker to deploy, and uniquely addresses the complexities of urban settings where we can leverage our existing fiber and mmWave assets,” said EVP and President, Global Networks and Technology, Verizon, Joe Russo.

In order to expand its reach further, Verizon has also entered into an agreement with AST SpaceMobile (ASTS) to offer direct-to-device cellular service to its customers beginning in 2026.

The facility will make use of Verizon’s dedicated 850 MHz spectrum, and AST SpaceMobile’s satellites orbiting Earth to ensure uninterrupted mobile access in traditionally hard-to-serve locations.

Verizon Communications’ stock has gained over 3% in 2025 and shed over 6% in the last 12 months. 

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