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Starry, Inc. CEO Chet Kanojia will host a virtual fireside chat on December 14, 2021, at 11:35 a.m. ET, during the Oppenheimer 5G Summit. This event will provide a business update as Starry aims to enhance connectivity using its innovative broadband technology. Previously, on October 7, 2021, Starry announced its merger with FirstMark Horizon Acquisition Corp. (NYSE: FMAC), paving the way for Starry's transition to a public company. An audio replay will be available for 120 days post-event on Starry's investor page.
Starry, Inc. has announced the deployment of its second-generation network technology in the 24 GHz spectrum, enhancing capacity and reducing costs. This includes new hardware, such as the Starry Titan base station and Starry Trident and Comet receivers for residential use, achieving cost reductions of 670% and 1000%, respectively. Starry's gigabit-capable technology significantly lowers deployment costs compared to fiber. The company is expanding its service to 40 million U.S. households, and it is publicly merging with FirstMark Horizon Acquisition Corp. (NYSE: FMAC) as of October 7, 2021.
Starry, Inc. will hold a virtual fireside chat on December 8, 2021, at 4:10 p.m. ET, featuring CEO Chet Kanojia, COO Alex Moulle-Berteaux, and CFO Komal Misra. The event aims to provide a business update at the Barclays Global Technology, Media, and Telecommunications Conference. Starry plans to go public through a business combination with FirstMark Horizon Acquisition Corp. (NYSE: FMAC), as announced on October 7, 2021. An on-demand replay will be available post-event.
Starry, a developer of licensed fixed wireless technology, has announced a merger agreement with FirstMark Horizon Acquisition Corp. (NYSE: FMAC). The transaction values Starry at $1.66 billion and is expected to provide the company with $452 million in cash to fund growth and retire debt. Starry aims to expand its operations to 25 million households by 2026, with a projected revenue of $1.1 billion and 1.4 million subscribers. The merger is set to close in Q1 2022, pending stockholder approval.