BT and Verizon agree to combine their international enterprise operations

Verizon and BT Group have announced plans to combine their international enterprise fixed-line operations into a new joint venture. The move is expected to close in 2027, subject to regulatory approval. BT and Verizon say the new company will be « designed for a cloud-first world in the age of AI », whatever that means.

It will be a 50-50 joint venture, and will serve over 3,000 multinational organizations in more than 180 countries. Verizon will pay BT an equalization amount of $625 million to guarantee even voting rights.

Combining BT and Verizon’s international enterprise…