[Verizon Reportedly to Form Joint Venture with British Telecom BT Group] According to a report by Jinse Finance, on June 29, sources revealed that Verizon (VZ.N), the largest wireless communication service provider in the United States, is in advanced negotiations with British Telecom Group (BT Group) to integrate certain international operations of both companies. The deal is expected to take the form of a joint venture; the ownership structure of the new entity will undergo adjustments. However, the specific shareholding ratios and transaction terms have not yet been finalized. Sources indicated that Verizon could announce an agreement with BT Group as early as Monday. Currently, BT Group has a market value of approximately £19.4 billion ($25.7 billion), while Verizon's market value is around $194 billion.