U.S. COMPANY FILING
VERIZON COMMUNICATIONS INC — Form 8-K filed 2026-06-29
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Verizon entered into a transaction agreement with BT on June 28, 2026, to form a 50/50 joint venture (NewCo) combining their international wireline connectivity and managed network services businesses. Verizon will pay $625 million to BT. The deal is expected to result in a loss of $700-800 million in Q2 2026 but be accretive to Verizon Business Group EBITDA. Additionally, Verizon expects severance charges of $350-450 million and asset rationalization charges of $200-300 million in Q2 2026.
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