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Starry
Enterprise Software
Starry was a Boston-based fixed wireless internet provider that used millimeter-wave technology to deliver home broadband without traditional cable or fiber lines.Starry filed for Chapter 11 bankruptcy in February 2023 and its assets were subsequently acquired.
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Starry was founded in 2014 by Chet Kanojia, who had previously founded Aereo, an earlier and ultimately unsuccessful streaming television startup that lost a significant U.S. Supreme Court copyright case, building a residential internet service provider using fixed wireless technology, specifically millimeter-wave radio spectrum, to deliver broadband internet service to homes without requiring the traditional cable or fiber-optic lines that most residential internet providers depend on, instead using rooftop-mounted transmitters that beam wireless internet signal to small receiver units installed at individual customer homes, an approach the company argued could let it deploy broadband service in dense urban areas more quickly and at lower infrastructure cost than digging and laying traditional cable or fiber lines throughout a city. Starry's technology aimed to address a persistent challenge in the U.S. broadband market, where many urban areas have historically had limited competition among internet service providers given the very high capital cost of building competing cable or fiber infrastructure, often leaving consumers with only one or two realistic broadband provider choices in a given area and correspondingly limited pricing competition, with Starry's fixed wireless approach positioned as a potentially lower-cost way to introduce additional broadband competition into these markets without requiring the same physical infrastructure buildout that traditional wired broadband providers need. The company built out its fixed wireless network across several major U.S. cities and also pursued a business line providing internet connectivity technology and services to residential apartment buildings and other multi-family housing developments. Starry went public via a SPAC merger in 2022, but the company's financial position deteriorated significantly amid the broader difficult capital markets environment facing many SPAC-merged and infrastructure-intensive companies, and Starry filed for Chapter 11 bankruptcy in February 2023, ultimately being acquired out of bankruptcy by a group that included funds managed by Layer 3 Financial and Trey Griggs's Siebert Williams Shank in 2024, allowing Starry's fixed wireless network operations to continue in a reorganized form under new ownership following its brief and financially difficult period as a public company.
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