BT Group and Verizon Launch $4 Billion International Connectivity Joint Venture

In a strategic move to scale international enterprise connectivity, BT Group and Verizon Communications Inc. have signed an agreement to form a 50:50 joint venture combining their international operations. The new entity will serve over 3,000 multinational customers across more than 180 countries, generating approximately $4 billion in combined annual revenue. Martijn Blanken has been appointed CEO-designate, and the transaction is expected to close in 2027, subject to regulatory approvals.

The joint venture comes as the telecom sector increasingly focuses on large-scale enterprise services, with companies seeking network consolidation and economies of scale. At the close on June 26, 2026, BTGOF (over-the-counter) was trading at $2.616, while VZ closed at $46.54, according to market data. The deal will require approvals from regulators in the US, UK, and Europe, which could extend the timeline to closing.

Investors will monitor regulatory developments over the coming months, particularly from the FCC and European counterparts. In the near term, both stocks are likely to remain near current levels—VZ at $46.54 and BTGOF at $2.616 (close of June 26)—with minor moves as regulatory updates emerge. Traders should watch for announcements from either company on the deal's progress, as regulatory clearance will be the primary catalyst for both stocks.