BT and Verizon to combine troubled international businesses

A joint venture will build a new platform "for the age of cloud and AI".

Updated Jun 30, 2026 4:17 PM / Published Jun 30, 2026 2:25 PM 2 min read

BT and Verizon to combine troubled international businesses — Image credit: https://unsplash.com/@samirshadab10

Two of the world’s best-known telecommunications companies are spinning off their struggling networking businesses into a $4 billion venture.

UK-based BT Group and US-based Verizon revealed plans on Monday to create a 50:50 joint venture to hold their respective international operations and a new platform “designed for the age of cloud and AI."

Verizon CEO Dan Schulman said the “cutting-edge, AI-ready and secure platform” would cater to international customer demands for “secure, flexible connectivity that works seamlessly across borders and cloud environments.”

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Noah Bovenizer

Noah Bovenizer is a senior reporter with The Stack. He previously covered the transportation sector for Global Data. He has a first class degree in journalism and has also worked as a newsreader for Gaydio.