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BT.A

BT and Verizon to form international enterprise joint venture

BT Group and Verizon have agreed to combine their international enterprise operations in a 50:50 joint venture serving more than 3,000 multinational customers across 180 countries. The AI-ready, cloud-first platform is expected to generate about $4 billion in annual revenue, with Verizon paying BT a $625 million equalisation payment. The deal awaits regulatory approval.

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The FTSE 100, also known as the Financial Times Stock Exchange 100 Index or FTSE 100 Index is a share index of the 100 companies listed on the UK London Stock Exchange with the highest market capitalisation. It is seen as a gauge of prosperity for businesses regulated by UK company law.