{"id":1017581,"date":"2026-06-29T16:34:11","date_gmt":"2026-06-29T11:04:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1017581"},"modified":"2026-06-29T18:29:25","modified_gmt":"2026-06-29T12:59:25","slug":"bt-verizon-join-forces-to-create-4-billion-international-jv-for-enterprise-operations","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/29\/bt-verizon-join-forces-to-create-4-billion-international-jv-for-enterprise-operations\/","title":{"rendered":"BT, Verizon join forces to create $4 billion international JV for enterprise operations"},"content":{"rendered":"<p>BT and Verizon on Monday announced a deal to combine their international enterprise operations into a 50:50 joint venture, focussing on serving multinational clients \u200cand bringing \u2060together $4 \u2060billion in combined annual revenue.<\/p>\n<p>Verizon has agreed to pay BT an equalisation payment of $625 million, and both companies will hold equal voting rights in the new venture, which will serve more than 3,000 customers \u2060in over 180 \u200ccountries.<\/p>\n<p>The deal marks a milestone for BT chief executive Allison Kirkby, \u2060who has been steadily refocusing the 180-year-old British telecoms group on its home UK market while shedding international assets. <\/p>\n<p>Verizon CEO Dan Schulman, who has been pushing his own turnaround at the U.S. wireless carrier, said the venture was &#8220;the \u200cclear answer&#8221; for international customers who need secure, flexible connectivity that works across borders and \u2060cloud environments. <\/p>\n<p>BT and Verizon named Martijn Blanken as chief executive officer-designate of the new company. Blanken will join BT Group from September 1, 2026, and work with both parent companies as they prepare to launch the joint venture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BT and Verizon on Monday announced a deal to combine their international enterprise operations into a 50:50 joint venture, focussing on serving multinational clients \u200cand bringing \u2060together $4 \u2060billion in combined annual revenue. Verizon has agreed to pay BT an equalisation payment of $625 million, and both companies will hold equal voting rights in the new venture, which will serve more than 3,000 customers \u2060in over 180 \u200ccountries. The deal marks a milestone for BT chief executive Allison Kirkby, \u2060who has been steadily refocusing the 180-year-old British telecoms group on its home UK market while shedding international assets. Verizon CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1017581","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1017581"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017581\/revisions"}],"predecessor-version":[{"id":1017582,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017581\/revisions\/1017582"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1017581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1017581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1017581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}