On the Record · Verizon
Verizon acquisitions, on the record
The businesses Verizon bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
TracFone Wireless, Inc.Word for word“The transaction closed on November 23, 2021 (the Acquisition Date). The aggregate cash consideration paid by Verizon at the closing of the transaction was approximately $3.6 billion, net of cash acquired, approximately 57.6 million shares of our common stock valued at approximately $3.0 billion, and up to an additional $650 million in future cash contingent consideration.” 10-K for 2022 | acquisition | November 23, 2021 | approximately $3.6 billion |
Bluegrass CellularWord for word“The aggregate cash consideration paid by Verizon at the closing of the transaction was approximately $412 million, net of cash acquired.” 10-K for 2022 | acquisition | — | approximately $412 million |
Frontier Communications Parent, Inc.Word for word“The transaction is structured as a merger of the Company's subsidiary with and into Frontier, as a result of which Frontier will become a wholly owned subsidiary of the Company and shares of Frontier common stock outstanding immediately prior to the effective time of merger (subject to certain limited exceptions) will be cancelled and converted into the right to receive a per share merger consideration of $38.50, in cash.” 10-K for 2024 | agreed acquisition | — | $38.50, in cash |
select spectrum licenses of United States Cellular Corporation and certain of its subsidiaries (UScellular)Word for word“On October 17, 2024, Verizon entered into a license purchase agreement to acquire select spectrum licenses of United States Cellular Corporation and certain of its subsidiaries (UScellular) for total consideration of $1.0 billion, subject to certain potential adjustments.” 10-K for 2024 | agreed acquisition | October 17, 2024 | $1.0 billion |
Starry Group Holdings, Inc.Word for word“On January 30, 2026, we completed the acquisition of Starry Group Holdings, Inc. (Starry), a fixed wireless broadband provider serving multi-dwelling units in five markets across the U.S.” 10-K for 2025 | acquisition | January 30, 2026 | — |
select spectrum licenses of United States Cellular Corporation (currently known as Array Digital Infrastructure, Inc.)Word for word“On October 17, 2024, Verizon entered into a license purchase agreement to acquire select spectrum licenses of United States Cellular Corporation (currently known as Array Digital Infrastructure, Inc.) and certain of its subsidiaries (collectively, UScellular) for total consideration of $1.0 billion, subject to certain potential adjustments.” 10-K for 2025 | agreed acquisition | October 17, 2024 | $1.0 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $3.77 billion | $9.88 billion | $2.31 billion |
| 2017-12-31 | $5.88 billion | $3.61 billion | $2.17 billion |
| 2018-12-31 | $230 million | $0 | $148 million |
| 2019-12-31 | $29 million | $28 million | — |
| 2020-12-31 | $520 million | $0 | $372 million |
| 2021-12-31 | $4.07 billion | $4.12 billion | $3.85 billion |
| 2022-12-31 | −$248 million | $33 million | $100 million |
| 2023-12-31 | $30 million | $0 | $35 million |
| 2024-12-31 | $0 | $0 | — |
| 2025-12-31 | $0 | — | — |
Deal filings since 2016
- 2024-09-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Verizon’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.