Verizon10-Q: Joint ventureJul 31, 2026

Verizon forms 50/50 joint venture with BT Group, contributing assets and $625M cash.

Read at SEC EDGAR

What happened

Verizon is combining its international wireline business with BT's to form a new entity, 'NewCo'.

Source

SEC EDGARJul 31, 2026

Quarterly report (Form 10-Q)

Verizon 10-Q

Filing excerpt

On June 28, 2026, the Company entered into the Transaction Agreement with BT and NewCo, pursuant to which, the Company and BT will each acquire a 50% equity interest in NewCo.

sec.gov/Archives/edgar/data/732712/000073271226000046/vz-20260630.htmRead the full source

Other signals in this filing (8)

Acquisition completedVerizon completes $9.8B acquisition of Frontier, expanding fiber footprint to 31 states.Acquisition completedJul 31, 2026
Restructuring chargeVerizon completes $9.8B acquisition of Frontier, assuming $12.9B in debtRestructuring chargeJul 31, 2026
Capex increaseVerizon invests $4.2B in spectrum acquisitions to enhance its wireless networkCapex increaseJul 31, 2026
Digital transformationVerizon commits over $14B in H1 2026 to acquire Frontier and expand spectrum assets.Digital transformationJul 31, 2026
Platform strategyVerizon invests over $4.2B in spectrum licenses to enhance its wireless network platform.Platform strategyJul 31, 2026
RestructuringVerizon forms 50/50 joint venture with BT Group, contributing a business unit and $625M cash.RestructuringJul 31, 2026
Margin pressureVerizon faces $412M annual interest expense risk for every 1% rate hikeMargin pressureJul 31, 2026
Inflation impactVerizon faces $412M annual interest expense risk for every 100-basis-point rate change.Inflation impactJul 31, 2026

Extracted by Autobound

From the Signal API record

Signal: 10-Q: Joint venture

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end: 06/30
Filed: Jul 31, 2026

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The full record

From the Signal API record

Numbers

Dollar figure: $625M (Cash payment to the new joint venture with BT Group.)

Details

CIK: 732712
Accession number: 0000732712-26-000046
Timeframe: Current quarter
Filing year: 2026
Fiscal year: 0
Why it matters: New entity needs
Signal category: Strategic

Extraction

Confidence: High
Relevance: 90%
Sentiment: Neutral
Detected: Aug 4, 2026
signal_type: sec-10q
signal_subtype: jointVenture

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

linkedin_urlValue in the API
industriesValue in the API
employee_count_lowValue in the API
employee_count_highValue in the API
revenueValue in the API
descriptionValue in the API

Signal

signal_nameValue in the API
associationValue in the API

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Show the full JSONThe record on this page and the API request

GET /v1/signals/a0f09502-1b89-42a5-8939-71ffc5924067 returns this record as JSON. POST /v1/companies/enrich returns every signal for verizon.com.

{
  "signal_id": "a0f09502-1b89-42a5-8939-71ffc5924067",
  "signal_type": "sec-10q",
  "signal_subtype": "jointVenture",
  "detected_at": "2026-08-04T07:06:39.007+00:00",
  "company": {
    "name": "Verizon",
    "domain": "verizon.com"
  },
  "data": {
    "detail": "Verizon is combining its international wireline business with BT's to form a new entity, 'NewCo'. This complex transaction will require harmonizing disparate systems, governance structures, and commercial operations, creating opportunities for consulting, integration, and enterprise software vendors.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Cash payment to the new joint venture with BT Group.",
      "dollar_millions": 625
    },
    "summary": "Verizon forms 50/50 joint venture with BT Group, contributing assets and $625M cash.",
    "excerpts": "On June 28, 2026, the Company entered into the Transaction Agreement with BT and NewCo, pursuant to which, the Company and BT will each acquire a 50% equity interest in NewCo.",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/732712/000073271226000046/vz-20260630.htm",
    "filing_date": "2026-07-31",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "New entity needs",
    "signal_category": "strategic"
  }
}

curl https://signals.autobound.ai/v1/signals/a0f09502-1b89-42a5-8939-71ffc5924067 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"verizon.com","limit":20}'

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