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Barchart
Wajeeh Khan

VZ Stock Alert: What to Know About Verizon's International Joint Venture

Verizon VZ BT BT Group

Verizon Communications (VZ) recently disclosed financial details of its new 50/50 international joint venture with BT Group, a partnership designed to combine the overseas enterprise operations of both telecom giants.

In a regulatory filing, the company estimated at least a $700 million second-quarter loss stemming from the reclassification of assets as “held-for-sale” in connection with the joint venture structure.

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