Starry Emerges From Bankruptcy
Fixed-wireless provider Starry, which filed for bankruptcy in February (see 2302220053), said Thursday it completed its Chapter 11 restructuring process. Starry previously slashed staff and refocused on dense urban markets with multi-tenant buildings (see 2301190047). “We said from the beginning…
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that Starry would emerge from this restructuring process stronger and ready to meet the growing demand for high-quality internet services,” said Alex Moulle-Berteaux, the company’s new CEO: “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.” Starry is now a privately held company and shares of Starry common stock will halt trading on the over-the-counter market effective immediately, the company said.