Starry, a regional wireless internet service provider, earlier this year filed for bankruptcy. The service had been seen as the future for many, with internet plans starting at just $30 a month. Today, it announced that it has successfully exited Chapter 11 bankruptcy. The company says its on a clear pathway to portability and will focus on growth.
“We said from the beginning that Starry would emerge from this restructuring process stronger and ready to meet the growing demand for high-quality internet services,” said Starry Chief Executive Officer Alex Moulle-Berteaux. “Today, as we exit this process, Starry is a stronger company. We are more operationally efficient and laser-focused on driving this business to profitability. I’m immensely proud of all of our employees, who kept their focus on our customers, our network and on delivering an internet service experience that far outshines our ‘big internet’ competitors. I’m excited for this next phase of company growth and success.”
Currently, Starry focuses on offering wireless internet starting at $30 a month in five core markets: Boston, New York City, DC, Denver, and Los Angeles. In these markets cord cutters now have a new internet option to help them break free from cable internet.
So what is cord cutting 2.0? Cord Cutting 1.0 was cutting the cord on cable TV. Now in 2023, cord cutting 2.0 is about cutting the cord on home internet and getting new options. New options like Starry internet will help cord cutting expand to completely break free form cable TV companies.
Much like in the early days of cord cutting 1.0, the growth of 2.0 is slow right now. We are still waiting on more providers to join the market. Amazon has announced plans to start offering home internet next year. Other providers are quickly building out new kinds of internet to give Americans options.