VZ · 10-Q · 2026Q2 · Full report
Satellite Connectivity Joint Venture
VERIZON COMMUNICATIONS INC · 2026-07-31 · Importance 37 · Surprise 42 · In source text
On May 14, 2026, Verizon agreed in principle with AT&T Inc. and T-Mobile US, Inc. to form a joint venture targeting wireless dead zones in the United States, including rural areas. The proposed venture would pool limited spectrum resources, increase network capacity and help satellite providers reach more customers through a unified platform. Verizon expects the initiative to involve joint investment in satellite-based direct-to-device technologies serving unserved and underserved communities, but definitive agreements and customary closing conditions remain outstanding.
Key facts
- On May 14, 2026 Verizon entered into an agreement in principle with AT&T Inc. and T-Mobile US, Inc. to form a new joint venture to pool limited spectrum resources and use satellite-based, direct-to-device technologies to address coverage gaps; the joint venture remains subject to negotiating definitive agreements and customary closing conditions. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | unclear | contingent | — | On May 14, 2026 Verizon entered into an agreement in principle with AT&T Inc. and T-Mobile US, Inc. to form a new joint venture to pool… |