Verizon Communications Inc. and the UK’s BT Group Plc agreed to create a joint venture for their international businesses in a merger that will take the low-margin units off their books and allow the carriers to focus on their home markets.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-29/verizon-bt-are-said-to-near-jv-deal-for-international-business)