AI-ready connectivity - the driving force behind BT and Verizon's new $4 billion joint venture
In a bid to transform international connectivity, networking giants BT and Verizon are combining their respective international enterprise operations into a 50:50 joint venture (JV). The announcement reminded me of the conversation I had earlier this year with Dallas Dolen, PwC’s Technology, Media and Telecommunications (TMT) Leader for Technology Strategic Alliances, when he said:
Telcos need to spend around a trillion dollars, but how do they pay for this? This is a global problem that needs to be solved to upgrade infrastructure over the next seven years.
This is an example of a JV driven by the need to create scale by pooling resources in order to service AI connectivity requirements across the globe. The venture, which will create a new $4 billion international networking business, will focus on serving multi-national organizations and is expected to serve more than 3,000 customers across more than 180 countries.
This breadth of operations...
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