Verizon, BT Are Said to Near JV Deal for International Business

Verizon Communications Inc. is currently in advanced negotiations to combine portions of its international business operations with those of the UK-based BT Group Plc. This potential formation of a joint venture has already prompted BT Group to revise its financial guidance for FY27. The deal aims to integrate their international assets, according to sources familiar with the matter, marking a significant strategic shift for both telecommunications giants in their global market approach.