BT Group And Verizon To Combine International Enterprise Operations In 50:50 Joint Venture With $4B Combined Annual Revenue

Verizon Communications Inc.
BT GROUP

Verizon Communications Inc.

VZ

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BT GROUP

BTGOF

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  • BT Group and Verizon agree to combine their respective international operations in a 50:50 joint venture, creating a new company focused on multinational connectivity.
  • The joint venture will serve more than 3,000 customers across more than 180 countries, representing approx. $4 billion in combined annual revenue.
  • The combination of international networking businesses creates a future-ready, scaled organization underpinned by a new platform designed for the age of cloud and AI.
  • Martijn Blanken is appointed Chief Executive Officer-designate of the new joint venture, conditional on completion of the transaction.
  • The transaction is expected to complete in 2027, subject to regulatory clearances and other customary closing conditions.
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