Verizon has closed its acquisition of ISP Starry Internet.

Although an announcement hasn't officially been made by either company, Tony Skiadas, EVP and CFO, Verizon, confirmed during the Deutsche Bank Annual Media, Internet & Telecom Conference yesterday (March 10) that the deal has been completed. This was first reported by Broadband Breakfast.

Verizon announced the acquisition back in October, but didn't disclose financial terms.

The carrier said at the time that the deal increases its ability to deliver high-speed Internet to multi-dwelling units (MDUs) and urban communities, leveraging Starry’s millimeter wave technology.

This focus on MDUs was once again reiterated by Skiadas yesterday.

"That will help us expand our product there in the MDU space and give us more open-for-sale on fixed wireless access," said Skiadas.

Founded in 2014, Starry provides fixed wireless broadband to residential and small and medium-sized businesses from towers and rooftops. Launching in Boston in 2016, the firm aimed to offer gigabit speeds via its wireless mmWave technology.

The company filed for Chapter 11 bankruptcy in February 2023, just a year after it completed a special purpose acquisition company (SPAC) merger with FirstMark Horizon Acquisition Corp. It emerged from proceedings in September of the same year as a privately-held company. It also exited Columbus, Ohio, in 2023.

Verizon said Starry currently serves nearly 100,000 MDU customers in five markets: Boston, New York, Los Angeles, Denver, and Washington DC. The acquiring company added that Starry’s MDU network provides a significant opportunity to expand Verizon’s FWA footprint.

During this week's conference, Verizon also outlined plans to deliver fiber to two million more locations in the US this year. The company's fiber footprint covers around 30 million locations across the country following its acquisition of Frontier Communications.

Skaidas said that Verizon expects to pass 40 million to 50 million homes with fiber "over the medium term," without providing a clearer timeline.