BT and Verizon spin off international networking arms into $4B joint venture

BT and Verizon are putting their international enterprise networking businesses into a 50:50 joint venture, creating a company with roughly $4 billion in annual revenue as both telcos re-focus on the markets that actually make them money. The proposed venture, announced on Monday, will combine BT International with Verizon's international enterprise wireline business. Once regulators sign off, the new company will serve more than 3,000 multinational customers across 180 countries, while its two