consortium

/kənˈsɔːtiəm/ noun [C] (plural consortiums, consortia)

Definition

› a group of companies, organizations, etc. that have joined together to work on a particular project: The 11-member consortium, led by BP, sought funding from public bodies such as the World Bank. The Severn Tidal Power Group is a consortium of big construction and electrical companies.form a consortium Any move to form a consortium of all the UK's naval shipyard facilities would put jobs at risk.

(Definition of consortium noun from the Cambridge Business English Dictionary © Cambridge University Press)

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