The Guardian · US news · Original story
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 with more than 3,000 customers across about 180 countries and $4bn in combined annual revenue.
Continue reading...
Lauren Almeida and Mark Sweney · Mon, Jun 29, 2026, 2:32 AM
US news | The Guardian
UK telecoms group’s 50/50 venture ends more than 18-month search for a buyer of its international operations
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 with more than 3,000 customers across about 180 countries and $4bn in combined annual revenue.
Continue reading...This page shows an excerpt; reporting belongs to the original publisher. Some images or embeds may be omitted compared with the live article.
← More stories · Front page
