NYSE:VZTelecom
Verizon (VZ) Joins BT To Build A $4 Billion Enterprise Platform
Verizon Communications (NYSE: VZ) and BT Group have agreed to combine their international enterprise operations into a joint venture.
The new platform is expected to generate about $4 billion in annual revenue from global networking and related services.
Ownership is split evenly between Verizon and BT Group, with shared governance and dedicated leadership appointments.
Verizon Communications enters this joint venture with BT Group while its stock trades around $44.10, with the share price...