BT, Verizon announce joint venture for international enterprise units

Verizon Communications Inc.

Verizon Communications Inc.

VZ

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June 29 (Reuters) - BT Group BT.L and Verizon Communications VZ.N on Monday announced a deal to combine their international enterprise operations into a 50:50 joint venture focussing on serving multinational clients.

Verizon has agreed to pay BT an equalisation payment of $625 million and both the companies will hold equal voting rights.


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