BT and Verizon to create joint global business in $625m deal
UK telecoms group’s 50/50 venture ends more than 18-month search for a buyer of its international operations Business live – latest updates BT and the US mobile company Verizon are to combine their international businesses, ending the British telecom group’s more than 18-month search for a buyer. Verizon will pay a $625m (£473m) “equalisation” fee to BT to guarantee equal voting rights in the new 50/50 joint venture, the companies announced on Monday. The deal is expected to create a company wit
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BT and Verizon’s joint venture is expected to have $4bn in combined annual revenue. Photograph: Doug Peters/PAView image in fullscreenBT and Verizon’s joint venture is expected to have $4bn in combined annual revenue. Photograph: Doug Peters/PABTBT and Verizon to create joint global business in $625m dealUK telecoms group’s 50/50 venture ends more than 18-month search for a buyer of its international operations Business live – latest updates Lauren AlmeidaMon 29 Jun 2026 03.18 EDTLast modified on Mon 29 Jun 2026 03.20 EDTSharePrefer the Guardian on GoogleBT and the US mobile company Verizon are to combine their international businesses, ending the British telecom group’s more than 18-month search for a buyer.Verizon will pay a $625m (£473m) “equalisation” fee to BT to guarantee equal…
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