Internet, The world cannot work without it. For the last decades, there have been multiple inventions in the field of technology, 4G, 5G, etc.
I live in Irving, Texas and my only option for home internet is Spectrum. ( They are not the most reliable Internet providers )
There are also other major players in the market ( ATT, Verizon, T-Mobile). All three offer home broadband services. And all three wireless companies share their 5g networks with mobile phones. That means the speed can vary depending upon how many phone connections are around the tower.
All of the above companies will require similar architecture – Digging trenches and laying out fiber cables. So here is a company that estimates that it can build networks at 1% of the cost of fiber with the better network coverage.
The company will still deliver high-speed home broadband connections with no involvement from a cable or a phone network.
Currently, the stock is trading at $8.48 and it plans to disrupt the stale dynamics of wireless services. It might very well do that.
https://amzn.to/3WpCDSQ – Great Product this by the way
STRY – Starry Group Holdings
Starry Group Holdings, Inc. operates as a fixed wireless technology developer and internet service provider. The company is headquartered in Boston, MA. The listed name for STRY is Starry Group Holdings, Inc
- Their key ingredient is a high-capacity wireless spectrum known as mmWave. Starry estimates there are 40 million potential U.S households covered by its exclusive high-frequency spectrum.
- The company currently has about 63,000 subscribers at the end of 2021 in six U.S cities. The forecast is that at the end of 2026 it will have 1.4 million subscribers.
- Their services start at $50 a month for 200 MBPS with no long-term contracts.
- They project having $1.1 billion in revenue and $519 million in adjusted earnings by 2026.
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Disclosure: At the time of writing I already have a position in STRY stock. I have no plans to initiate any new positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. I am not a financial adviser. Please do your own due diligence. I am not a financial advisor.
