Headline: Telecom Shakeup: Comcast, Verizon Make Deals

🇺🇸 Bloomberg (US) —

AI Summary

Verizon and BT Group agreed to form a joint venture to manage their international telecom businesses, removing low-margin units from their core operations. Comcast announced plans to spin off NBCUniversal and Sky into an independent company, focusing on cable, broadband, and wireless businesses.

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Verizon and the UK’s BT Group agreed to create a joint venture for their international businesses in a merger that will take the low-margin units off their books and allow the carriers to focus on their home markets. Also, Comcast announced on Monday that it will spin off NBCUniversal and its European media unit, Sky, into a separate, independently traded company. Comcast will hang onto its cable-TV, broadband and wireless businesses.  (Source: Bloomberg)

Markets Deals Verizon BT Group Comcast merger joint venture media telecom

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