Verizon (VZ) Agrees to Acquire Starry

Verizon Communications Inc. (NYSE:VZ) is one of the 10 Best Dow Stocks to Buy According to Wall Street Analysts. On October 8, Verizon Communications Inc. (NYSE:VZ) reported that it has agreed to acquire Starry, a provider of next-generation fixed wireless broadband services.

This transaction will help Verizon Communications Inc. (NYSE:VZ) offer high-speed internet to multi-dwelling units (MDUs) and urban communities as it will be able to utilize Starry’s advanced millimeter wave technology and market presence.

According to the report, Verizon Communications Inc. (NYSE:VZ) is in a strong position to expand this service as it has a large fiber network and extensive holdings of mmWave spectrum. These are important for delivering ultra-fast speeds and the high capacity needed to serve crowded urban places and apartment complexes.

Starry serves almost 100,000 MDU customers in Boston, New York, Los Angeles, Denver, and Washington, DC. Starry’s MDU network gives Verizon Communications Inc. (NYSE:VZ) a solid opportunity to grow its fixed wireless access (FWA) footprint. The company expects to close this acquisition by the first quarter of 2026.

Verizon Communications Inc. (NYSE:VZ) is an American technology and telecommunications company that provides network connectivity, entertainment, and security solutions.

While we acknowledge the potential of VZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best American AI Stocks to Buy According to Analysts and 11 Dirt Cheap Stocks to Buy According to Analysts.

Disclosure: None. This article is originally published at Insider Monkey.