Key Facts

• Verizon Communications Inc. is in advanced talks to combine some of its international business with that of BT Group Plc, according to people familiar with the matter.
• The potential deal involves a joint venture (JV) between Verizon and BT Group Plc, which could lead to a significant restructuring of their international operations.
• The discussions between Verizon and BT Group Plc are focused on creating a joint venture that would manage their combined international business, although specific terms and details remain unclear.
• If completed, the joint venture deal would likely have significant implications for the global telecommunications industry, potentially leading to increased competition and new business opportunities.
• BT Group Plc is a UK-based company, suggesting that the joint venture could have a substantial presence in the European market and potentially elsewhere.