Description

Verizon’s Starry Acquisition: The $5G Shortcut Wall Street Didn’t See Coming!

U.S. telecom giant Verizon has announced its acquisition of Starry, a smaller broadband internet provider focused on multi-dwelling units (MDUs) and urban communities, in a move that could signal a strategic expansion of its fixed wireless access (FWA) capabilities. The acquisition, for an undisclosed sum, comes on the heels of a robust Q2 2025 earnings report where Verizon demonstrated strength in wireless service revenue and free cash flow, raised its full-year EBITDA and EPS guidance, and reaffirmed its commitment to scaling broadband through both fiber and FWA. Starry’s proprietary millimeter wave technology, which enables low-cost, rapid deployment in dense urban areas, serves nearly 100,000 MDU customers in Boston, New York, Los Angeles, Denver, and Washington, D.C. Verizon executives see this as a strategic opportunity to deepen penetration in hard-to-serve urban segments while leveraging Starry’s customer satisfaction metrics and deployment efficiencies. As regulatory approval progresses for Verizon’s larger fiber acquisition of Frontier, the Starry deal introduces a complementary urban strategy. Below, we explore four key drivers behind the synergies Verizon could unlock from this acquisition.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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