{"id":1017665,"date":"2026-06-30T08:12:10","date_gmt":"2026-06-30T02:42:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1017665"},"modified":"2026-06-30T08:33:23","modified_gmt":"2026-06-30T03:03:23","slug":"verizon-join-forces-to-create-4-billion-international-joint-venture","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/30\/verizon-join-forces-to-create-4-billion-international-joint-venture\/","title":{"rendered":"Verizon join forces to create $4 billion international joint venture"},"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 \u200cclients and \u2060bringing together $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 in over 180 countries, they said in a joint statement. &#8220;This is a very fragmented market and this could be the start of further consolidation,&#8221; BT Chief Executive Allison Kirkby said in an interview with Reuters. &#8220;We could possibly look to \u2060bring in third \u200cparties at some point in the future.&#8221;<\/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 \u200cclients and \u2060bringing together $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 in over 180 countries, they said in a joint statement. &#8220;This is a very fragmented market and this could be the start of further consolidation,&#8221; BT Chief Executive Allison Kirkby said in an interview with Reuters. [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-1017665","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017665","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1017665"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017665\/revisions"}],"predecessor-version":[{"id":1017687,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017665\/revisions\/1017687"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1017665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1017665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1017665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}