Starry
Starry Files Voluntary Chapter 11 Petitions to Reorganize, Backed by Restructuring Support Agreement with Lenders
Starry, a licensed fixed wireless technology developer and internet service provider, and its US affiliates and subsidiaries announced that they have filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and have entered into a Restructuring Support Agreement (the “RSA”) with lenders holding the Company’s debt. The RSA contains agreed-upon terms for a pre-packaged financial restructuring plan that is expected to significantly reduce the Company’s debt, optimize the Company’s capital structure and li
Starry's "Fresh Start" Forgives COVID-era Debt
Starry announced its “Fresh Start” debt forgiveness program for broadband subscribers who were unable to pay their broadband subscription fee due to the impacts of the COVID-19 health crisis. The Fresh Start program will wipe away any debt owed to Starry through July 31, 2020 and enable subscribers to start with a zero dollar balance beginning August 1.
Starry Partners with the Housing Authority of the City of Los Angeles to Expand Affordable Broadband Access
Starry, a wideband hybrid fiber wireless internet service provider, is partnering with the Housing Authority of the City of Los Angeles (HACLA) to expand affordable broadband access to more than 600 households in Los Angeles’ Del Rey neighborhood. The expansion, part of the Starry Connect initiative, is a specialized low-cost broadband access program that partners with owners of public and affordable housing to make high-quality, uncapped, true broadband access available to residents for only $15 per month.