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 reaction was muted—BT rose slightly, Verizon dipped—reflecting the deal’s bigger impact on BT’s smaller global slice. Regulatory approval and employee consultations are the final hurdles before launch. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/130aa1a516c7f95b