![Ahmed Sherif](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2657_1707357037.png)
Verizon spending on acquisitions 2016-2023
In 2023, Verizon spent some 5.8 billion U.S. dollars in acquisitions of wireless licenses. Verizon's auction for a mid-band spectrum known as C-band in 2021 contributed to significantly higher wireless license expenditures than in previous years.