BT and Verizon to merge international arms in $4bn connectivity venture

Key Facts

1BT Group and Verizon have agreed to merge their international operations into a 50:50 joint venture valued at $4bn.

In a move to strengthen their presence in the international connectivity market, BT Group and Verizon have agreed to form a $4bn joint venture, according to media reports. The deal will combine BT International and Verizon's international enterprise wireline arm into a new 50:50 entity. The venture aims to serve large multinational customers.

The deal brings together two of the world's largest telecom companies, with Verizon shares trading at $46.54 at the close on June 26, 2026, per market data. No timeline or management details have been released yet, but analysts see the venture as potentially enhancing competitiveness in the international business services space.

Investors are watching for the impact on both stocks; VZ closed at $46.54 on June 26, with a trading range of $46 to $46.59. With the closing of the deal pending, attention will focus on governance details and geographic scope, as well as any regulatory updates that may affect the venture's structure.