Headline: Telecom Shakeup: Comcast, Verizon Make Deals

Verizon and BT Group agreed to form a joint venture combining their international businesses, according to Bloomberg. Comcast announced it will spin off NBCUniversal and Sky, its European media unit, into a separately traded company, while retaining its cable, broadband, and wireless operations. The moves allow both carriers to separate lower-margin international units from their core domestic businesses.

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