Starry, which is a Boston Startup wants to offer high-speed 5G internet in main cities at an affordable price. Recently, it declared that it is increasing services from its initial launch in Boston to New York City. The firm also made a partnership with Related Companies, a big national affordable housing owner, to host the Starry device on its buildings and provide Starry service to its tenants.
The Starry solution includes the main three parts: The beam is placed on a high roof. The point is placed on a lower roof and the consumer receives a Starry Station, which works as a modem to deliver internet service to the home. When they keep station, internet service is available for that specific house.
From above, it is clear that the hardware solution is amazing. Starry provides high-speed internet to consumers at a more reasonable price as compared to traditional large providers. Chet Kanojia, CEO and founder of firm states that its company can offer up to 200 Megabits per service, up and down, for only $50 a month with no data caps and long-term contracts. Installation is absolutely free and the firm provides 24×7 customer care support at zero cost.
However it is difficult to compare prices with other services, Starry must request to cord cutters who have dropped cable TV for more affordable streaming services and are searching for a way to free themselves from large internet service providers. It’s absolutely clear to say that no other service provider offers this kind of speed up and down at such price.
The solution needs high rooftops to place the required infrastructure and the arrangement with Related is absolutely good in this context. The collaboration is good for both the firms, offering Starry the infrastructure it needs to put its device in main cities, however offering Related tenants with low-cost internet access in the next few months.
Kanojia stated, “Our first strategic partnership is with Related’s properties, which is a big property ownership company in all the major cities. It allows us to basically extend our network using their infrastructure, rooftops, and buildings.”
What is the future plan of Starry?
The startups first step is to provide service to other New York City residents starting from the parts of Manhattan and Brooklyn this fall and then expanding its services into other parts. Also, internet services will be available in 18 other cities from 2019.
Starry was launched way back in 2014 and spent a couple of years building the hardware part of the solution. It is acquired $163 million, as per the data provided by the company. The firm has raised $100 million via series C in July. Also to note that the new partner, Related has joined the most recent investment.