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Internet service provider Starry filed for bankruptcy

Kerry Flynn
Feb 22, 2023
Data: Yahoo Finance; Chart: Axios Visuals
Data: Yahoo Finance; Chart: Axios Visuals

Starry, a Boston-based wireless internet service provider, filed for Chapter 11 bankruptcy Tuesday.

Why it matters: The filing comes less than a year after the telecom business went public via a SPAC merger. Even though SPAC interest had fizzled, CEO Chaitanya "Chet" Kanojia said Starry made sense on the public market given its capital needs.

Details: The New York Stock Exchange had suspended Starry's trading on Dec. 14.

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