Telecommunications company
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Contributes its international enterprise wireline arm; disclosed $700-800M Q2 accounting charge on reclassification plus up to $750M in transformation costs; removed from the Dow Jones Industrial Average on June 29, 2026
BT spent about 18 months trying to sell its international arm. On June 29, 2026, it found a different exit: a 50-50 joint venture with Verizon that pools both carriers' global enterprise networks into one $4 billion business. Verizon pays BT $625 million for equal voting rights, and the combined company will serve more than 3,000 corporate clients across 180-plus countries.
Updated Jun 30
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