Verizon and BT Launch $4B Joint Venture for Global Connectivity

WHO:

Bloomberg - Verizon Communications Inc. and BT Group Plc are the organizations involved in the joint venture.

WHAT:

Techmeme - Verizon and BT are creating a joint venture for their international businesses.

Bloomberg - The joint venture is expected to have a combined yearly revenue of approximately $4 billion.

TechRadar - The joint venture will provide global enterprises with cross-border connectivity, cloud, and security services.

Bloomberg - Verizon will pay $625 million to BT as part of the agreement.

WHERE:

TechRadar - The joint venture will connect customers across 180 countries.

WHEN:

TechRadar - The joint venture is described as a "major milestone" but no specific future date is provided for its launch.

WHY:

TechRadar - The joint venture aims to enhance connectivity for global enterprises.

HOW:

Techmeme - The joint venture will operate on a 50:50 basis between Verizon and BT.

(UPDATED June 29, 2026 12:25 UTC)

Verizon and BT Group are teaming up to create a joint venture aimed at enhancing connectivity for global enterprises, which is expected to generate around $4 billion in yearly revenue. This partnership will operate on a 50:50 basis and will connect customers across 180 countries, providing services like cross-border connectivity, cloud, and security. As part of the agreement, Verizon will pay $625 million to BT, marking a significant milestone in their international business efforts.