BT and Verizon form $4 billion enterprise JV

BT and Verizon agreed to create a $4 billion joint venture for international enterprise operations, with Verizon paying BT $625 million and both companies holding equal voting rights.

TL;DR

• BT and Verizon are creating a joint venture valued at $4 billion.
• Verizon will pay BT an equalisation payment of $625 million.
• The new venture will have equal voting rights for both companies.
• The business will serve more than 3,000 customers in over 180 countries.

BT and Verizon said the new joint venture will combine their international enterprise operations. The companies valued the venture at $4 billion.

Verizon agreed to pay BT an equalisation payment of $625 million as part of the transaction. BT and Verizon will each have equal voting rights in the new venture.

The joint venture will serve more than 3,000 customers across more than 180 countries. The companies said the business will focus on enterprise operations with an international footprint.

Related questions

• How much is the BT and Verizon joint venture worth?
• How much will Verizon pay BT in the transaction?
• How many customers and countries will the new venture cover?