Verizon Acquires Starry to Bolster Fixed Wireless Broadband
In a move to significantly expand its fixed wireless access (FWA) footprint, Verizon has announced the acquisition of Starry, a Boston-based company specializing in fixed wireless broadband technology. The acquisition is expected to provide Verizon with key assets and expertise to enhance its 5G Home internet service, particularly in dense urban environments.
Strategic Rationale and Technology
The acquisition of Starry is viewed as a strategic maneuver by Verizon to gain access to advanced millimeter wave (mmWave) technology and a pre-existing infrastructure network. This will likely enable Verizon to more efficiently deploy and scale its FWA services, offering a competitive alternative to traditional cable and fiber internet options.
Key Benefits for Verizon
- Enhanced mmWave Capabilities
- Starry's expertise in mmWave technology is expected to improve Verizon's network performance and capacity in urban areas.
- Accelerated Deployment
- Leveraging Starry's existing infrastructure is anticipated to speed up the rollout of Verizon's 5G Home internet service.
- Competitive Advantage
- The acquisition positions Verizon to better compete in the rapidly growing fixed wireless broadband market.
Market Implications and Future Outlook
The fixed wireless broadband market has seen considerable growth in recent years, driven by advancements in 5G technology and increasing demand for high-speed internet access. Verizon's acquisition of Starry signals a commitment to this market and a strategic effort to capture a larger share. The integration of Starry's technology and talent is expected to further enhance Verizon's FWA offerings and improve its competitive positioning in the broadband landscape.