BT and Verizon Form Global Enterprise Connectivity Venture




📅 - BT Group and Verizon have agreed to merge their international enterprise units into a 50-50 joint venture serving multinational customers, creating a connectivity business with more than 3,000 clients, operations across over 180 countries and about $4 billion in combined annual revenue, while Verizon will pay BT a $625 million equalization payment.

For the telecoms sector, this is partly about scale. Also exhaustion.

International enterprise connectivity has become a difficult business to run inside operators that are increasingly trying to sharpen domestic priorities, cut complexity and avoid pouring capital into global service operations that do not always produce attractive returns. [...][... Check source for end of article ...]
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