Fixed wireless provider Starry expects to emerge from bankruptcy later this summer. The company filed for bankruptcy in February when it encountered financial difficulties.
Starry announced a new CEO — co-founder and former chief operating office Alex Moulle-Berteaux — today and took the opportunity to review some details of its plans to emerge from bankruptcy.
Starry filed for Chapter 11 bankruptcy in February. The company subsequently entered into a restructuring agreement with the companies holding its debt. The United States Bankruptcy Court for the District of Delaware approved its Plan of Reorganization on May 26. Starry says that operations were normal during this period.
Moulle-Berteaux will join the company’s new board of directors, as will Chet Kanojia, who has been CEO since the company’s founding.
“Over the last five years, as COO, I’ve had the opportunity to guide the business direction and growth of Starry, while also getting into the weeds on the technical and operational elements that drive our business,” Moulle-Berteaux said in a press release. “I’m excited to take on an even more expanded role in leading the company as CEO.”
Moulle-Berteaux had served as COO since the company’s founding. He had overseen business performance and operations, network deployment and maintenance, product deployment, customer care and sales and marketing.
He led the multimarket expansion that reached more than five million households in the New York City, Los Angeles, Boston, Denver and Washington, DC metropolitan areas, according to a press release. The company had almost a 60% year-over-year customer growth from 2020 to last year.
Both Moulle-Berteaux and Kanojia were at Aereo before Starry. Moulle-Berteaux was chief commercial officer and Kanojia was the found and CEO.
Starry’s business model targets multi-dwelling units. The company’s fixed wireless offering, developed in house, is aimed at displacing cable companies.
