BT and Verizon to create joint global business in $625m deal
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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 operationsBusiness live – latest updatesBT 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 m

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The Guardian World — The Guardian World
29 June 2026
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