Starry analysis shows buildings become profitable in a year or less

Executives from fixed wireless provider Starry said that the company is performing well despite the tough macro-economic environment. The reasons it’s immune to the today’s economic climate? It’s better, faster and cheaper, said Starry co-founder and CEO Chet Kanojia, adding that because the company’s fixed wireless access (FWA) service is positioned well is because it is prepaid and therefore has minimal bad debt exposure. He also said that like other FWA providers, Starry is benefiting from cable’s losses and the general trend that consumers are ditching their cable providers because they see more value in standalone broadband plans that are cheaper rather than bundled offers from the cable companies. Starry, which caters to those that live in apartments and other multiple dwelling units, added 9,703 net subscriber additions in second quarter 2022, bringing its total subscriber base to 80,950, a 69.4 percent increase year over year.  The company also increased its serviceable homes to 5.7 million, up 19.6 percent year over year. Although Starry doesn’t provide the exact number of cell sites that it has deployed, Kanojia said that its current cell site number is in the “300 range.”