BT Group gives back Verizon JV gains as cash-flow forecast holds
BT Group plc pared most of an early move higher Monday after the Verizon tie-up landed as more of a revenue shift than a cash boost. Shares at 1501 BST traded at 195.10 pence, up just 0.05%. The high for the session was 199.65p. The FTSE 100 Index slipped 0.06% to 10,501.74 a little before 1500 BST. Trading ran as normal on June 29, with LSE cash hours from 0800 to 1630 BST. BT and Verizon Communications Inc will merge their international enterprise businesses into a 50:50 joint venture serving over 3,000 clients across more than 180 countries. The venture targets around $4 billion in yearly revenue. Verizon will make a $625 million equalisation payment to BT. Closing is aimed