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Verizon Communications

Verizon Communications

Telecommunications company

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BT and Verizon merge international networks into a joint venture

Money Moves

Contributes its international enterprise wireline arm; pays $625M for equal rights

BT spent about 18 months trying to sell its international arm. On June 29, 2026, it found a different exit: a 50-50 joint venture with Verizon that pools both carriers' global enterprise networks into one $4 billion business.

Updated Yesterday