In a Wednesday presentation in New York, Chaitanya Kanojia - the founder of the now-defunct streaming video service Aereo - shared details about his new startup called Starry Inc. The startup plans to offer high-speed wireless Internet service at affordable cost; and can thus cause a potential disruption in the broadband industry.

According to the information revealed by Kanojia via the presentation, Starry Inc. has efforts underway to offer low-cost, high-speed wireless Internet service to the homes of customers. The service delivered by Starry Inc. will be based on the company's new proprietary technology, as well as high-frequency "millimeter" electromagnetic airwaves.

The high-speed wireless Internet service which Starry plans to offer will pose a direct challenge to Inc bigwig broadband providers like Comcast and Time Warner Cable, which offer wired broadband services.

Kanojia claims that the Starry high-speed wireless Internet service will have the capability to deliver gigabit-per-second downstream and upstream speeds. Kanojia has also revealed that the cost of the Starry Internet service will only be a "fraction" of the price which home broadband customers currently have to pay to cable and phone companies.

With regard to Starry's Internet service, Kanojia said that people have thus far assumed that "fiber" is evidently the only option for creating ultra-fast network; and added alongside that the wireless technology used by Starry is "the most logical alternative that makes sense" and it is capable of providing "scalable throughput to consumers."