BT Group and Verizon have announced the creation of a joint venture valued at approximately $4 billion, bringing together their international network assets and enterprise services.
The new company will focus on delivering connectivity, cloud networking, cybersecurity, and managed network services to multinational corporations operating across multiple markets.
By combining their global infrastructure, the two operators expect to improve operational efficiency, reduce costs, and accelerate the development of digital services for enterprise customers.
For Verizon, the partnership expands its international presence beyond the U.S., while BT gains greater flexibility to focus on its domestic business while maintaining a stake in the global enterprise market.
The new company will focus on delivering connectivity, cloud networking, cybersecurity, and managed network services to multinational corporations operating across multiple markets.
By combining their global infrastructure, the two operators expect to improve operational efficiency, reduce costs, and accelerate the development of digital services for enterprise customers.
For Verizon, the partnership expands its international presence beyond the U.S., while BT gains greater flexibility to focus on its domestic business while maintaining a stake in the global enterprise market.