UK's BT rises after joint venture with Verizon for enterprise operations
Today 09:00
BUZZ-UK's BT rises after joint venture with Verizon for enterprise operations ** Telecom firm BT Group's BT.L shares up ~1.5% at 195p, among top gainers on FTSE 100 index .FTSE
** Verizon VZ.N and BT announce a deal to combine their international enterprise operations into a 50:50 joint venture
** BT Group now expects FY27 adjusted revenue of 17.1-17.6 billion pounds and adjusted EBITDA of 8.1-8.2 billion pounds, excluding international operations
** VZ agrees to pay BT an equalisation payment of $625 million, with the new entity serving more than 3,000 customers in over 180 countries
** In 2026, BT up 7.36%, while FTSE 100 gains 5.62% YTD
(Reporting by Anushka Chourasia in Bengaluru)
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