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Verizon Sees Quarterly Loss of Up to $800 Million Due to BT Deal

Verizon Sees Quarterly Loss of Up to $800 Million Due to BT Deal
Bloomberg Technology Monday 29 June 2026, 10:46 UTC By Jake Rudnitsky 1 min read
Key Points

Verizon Sees Quarterly Loss of Up to $800 Million Due to BT Deal Verizon Communications Inc. projected a second-quarter loss of between $700 million and $800 million after striking a deal with UK’s BT Group Plc to create a joint venture for their international businesses. Verizon is classifying the businesses it’s contributing to the joint venture as assets and liabilities held for sale, resulting in the estimated loss, the company said in a regulatory filing on Monday.

Verizon Sees Quarterly Loss of Up to $800 Million Due to BT Deal Verizon Communications Inc. projected a second-quarter loss of between $700 million and $800 million after striking a deal with UK’s BT Group Plc to create a joint venture for their international businesses. Verizon is classifying the businesses it’s contributing to the joint venture as assets and liabilities held for sale, resulting in the estimated loss, the company said in a regulatory filing on Monday.
Verizon (LOCATION) Verizon Communications Inc. (ORG) UK (LOCATION) BT Group Plc (ORG)
Originally published by Bloomberg Technology Read original →

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