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BT and Verizon Forge Global Venture | Durham News
BT’s international business, long stuck in a failed sale attempt, is now reborn as a 50-50 joint venture with Verizon, set to launch in 2027. The deal, worth $625 million to Verizon, creates a global enterprise powerhouse serving 3,000+ customers across 180+ countries with $4 billion in annual revenue. Based in Jersey but taxed in the UK, the new entity lets BT refocus on its profitable UK operations and fund fiber/5G expansion, while Verizon gains a global enterprise foothold without straying from its U.S. core. CEO Martijn Blanken will lead the venture starting in September 2026. Market…
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