The latest in:
starry
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Premium Content
05/17/2023
FCC Wants to Cross-Verify ACP Subscribers
The FCC is asking some providers using alternate verification processes to sign up customers for the Affordable Connectivity Program Wednesday to conduct a subscriber eligibility crosscheck with the National Verifier system.
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Premium Content
03/28/2023
Starry Gazing at What’s Next
With tight capital markets only getting worse, the stars just weren’t aligned for Starry. When the fixed wireless upstart entered the market, it had a deficiency of about $340 million to $360 million to get to breakeven.
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Premium Content
02/21/2023
Starry Moves Forward With Bankruptcy Filing
Starry has officially filed for Chapter 11 bankruptcy after a lengthy attempt to raise much-needed capital. It has also entered into a Restructuring Support Agreement with lenders holding the company’s debt that includes a plan that is expected to significantly reduce the company’s debt and improve its capital structure and liquidity.
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Premium Content
01/31/2023
Starry Bidding Ohio Adieu
Starry has decided to leave the Columbus, Ohio, market and refocus its energies on its five core urban markets: Boston, NYC, Los Angeles, Denver and D.C. The decision is the next step in a long, hard road for Starry, a company that has struggled to raise capital since its founding.
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Premium Content
12/19/2022
Starry Receives Loan Cushion
Starry has entered into a ninth amendment to its credit agreement with its lenders that will provide it with more than $11 million in interim loan financing. The deal also gives Starry the ability to access additional funding through an uncommitted accordian debt basket of additional loans of up to $30 million.
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Premium Content
12/15/2022
Starry Faces Delisting from NYSE
The New York Stock Exchange notified fixed wireless provider Starry Wednesday that it has decided to start proceedings to delist the company’s Class A common stock and warrants to purchase those shares.
