Verizon Communications disclosed it expects at least a $700 million second-quarter loss from reclassifying assets as held-for-sale in connection with its new 50/50 international joint venture with BT Group. The company also flagged up to $450 million in severance charges and about $250 million in asset-rationalization costs related to the deal. Verizon reportedly paid approximately $625 million for its stake in the venture, which combines the overseas enterprise operations of both telecom giants. The partnership aims to allow both firms to benefit from greater scale and leverage each other's network infrastructure in international markets. Despite the near-term charges, Verizon recently raised its fiscal 2026 earnings per share guidance to $4.95 to $4.99 and maintains a dividend yield of 6.42%.
Verizon Communications IncExpects $700M loss from reclassifying assets, $450M severance, $250M asset-rationalization costs
BT Group PlcBT is the joint venture partner; charges reflect deal structure but no direct financial impact stated
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