Jeff T. Blau, CEO of Related Companies Jeff T. Blau, CEO of Related Companies

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NEW YORK CITY—Related Companies has invested in Starry Inc., anexpanding broadband 5G wireless Internet service firm and reportsthat it has agreed to have the Boston-based technology firm'sservice available across Related's portfolio of luxury andaffordable residential properties nationwide.

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Starry Internet is currently available at Related residentialproperties in Boston and Los Angeles and will expand to its NewYork City properties this fall.

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In addition to the partnership, Related Companies has made whatthe companies term as a “strategic investment” in Starry,participating in the company's most recent $100-million C round.Starry has raised a total of $163 million and is backed by adiverse group of investors including Tiger Global, KKR, FirstMarkCapital, Fidelity Management and Research Company, ArrowMarkPartners, IAC and HLVP.

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The specific amount of Related's investment in Starry was notdisclosed. Starry is pioneering the use of millimeter waves todeploy fixed 5G wireless last-mile gigabit broadband.

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“Related was founded with a focus on innovation and ourpartnership with Starry is an ideal fit to enhance our technologyofferings and provide more choices for our residents. We pilotedStarry in our Boston portfolio to great success and are pleased tobe first-to-market in Los Angeles and New York City. We are alsoextremely proud to be able to work with Starry to bring low-costbroadband to our affordable housing developments in their marketsacross the country,” says Jeff T. Blau, CEO of RelatedCompanies.

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“Today, everyone recognizes and acknowledges the importance ofhaving a reliable, affordable high-speed internet connection in thehome. Innovative companies like Related, however, have an acuteunderstanding of the importance of providing its residents withaccess to cutting-edge technologies, to enhance the residentexperience and the value of their properties,” says Starry CEO andco-founder Chet Kanojia.

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Starry announced the expansion of its high-speed Internetservice to the New York City metropolitan area. Starry will begindelivering its service in New York City this fall. Internet servicewill be available initially in select areas of Manhattan andBrooklyn, and will become more widely available as Starry expandsits presence across the metropolitan area.

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In addition to Boston, Los Angeles, Washington, DC and New YorkCity, Starry also reports it will expand its service to 18additional markets over the next year including: Denver, Cleveland,Chicago, Houston, Dallas, Seattle, Detroit, Atlanta, Indianapolis,San Francisco, Philadelphia, Miami, Memphis, Phoenix, Minneapolis,Manchester, NH, Portland, OR, and Sioux Falls, SD.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.