• Verizon agreed to combine its international enterprise wireline arm with BT International in a 50:50 joint venture focused on multinational connectivity.
• New venture targets more than 3,000 customers across 180-plus countries, generating about $4 billion in annual revenue.
• Verizon will pay BT an equalization payment of $625 million; both parents will hold equal voting rights.
• Martijn Blanken was named CEO-designate, conditional on closing; transaction is expected to complete in 2027, subject to approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Verizon Communications Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606290200PRIMZONEFULLFEED9753842) on June 29, 2026, and is solely responsible for the information contained therein.