BT and Verizon to create joint global business in $625m deal

UK telecoms group’s 50/50 venture ends more than 18-month search for a buyer of its international operations Business live – latest updates BT and the US mobile company Verizon are to combine their international businesses, ending the British telecom group’s more than 18-month search for a buyer. Verizon will pay a $625m (£473m) “equalisation” fee to BT to guarantee equal voting rights in the new 50/50 joint venture, the companies announced on Monday. The deal is expected to create a compan...

By Lauren Almeida