Business
Verizon, Britain’s BT to Form International Connectivity Joint Venture
Verizon Communications and BT Group said they would merge their international enterprise operations to form a joint venture, turning to a partnership to provide connectivity services to thousands of clients across several countries.
The two companies said in a joint statement that they had signed an agreement to set up the joint venture, in which both groups will have equal voting rights. The joint venture is expected to serve over 3,000 clients in more than 180 countries, representing roughly $4 billion in combined annual revenue.
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