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BT and Verizon merge international units in $4bn joint venture to serve global customers.

Company Fundamentals
29 Jun 2026
Proactive Investors
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Bullish
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BT Group and Verizon Communications are combining their international operations into a 50:50 joint venture valued at around $4 billion. The new company will serve over 3,000 multinational customers across 180 countries, focusing on secure, cloud-first connectivity. Verizon will pay BT a $625 million equalisation payment, and the venture will be headquartered in the UK. The deal, expected to close in 2027 pending approvals, allows both companies to focus on their domestic markets while supporting the joint venture's growth globally.

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BT Group and Verizon form 50:50 joint venture to boost multinational connectivity with $4B revenue reach.

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