This excerpt taken from the VZ 10-K filed Feb 26, 2010.
During 2009, 2008 and 2007, we invested $6.0 billion, $15.9 billion and $0.8 billion, respectively, in acquisitions of licenses, investments and businesses.
On January 9, 2009, Verizon Wireless paid approximately $5.9 billion for the equity of Alltel, which was partially offset by $1.0 billion of
cash acquired at closing.
During 2008, Verizon Wireless was the winning bidder in the Federal Communications Commissions (FCC) auction of spectrum in the 700 MHz band
and paid the FCC $9.4 billion to acquire 109 licenses in the 700 MHz band.
On August 7, 2008, Verizon Wireless completed its acquisition of Rural Cellular for cash consideration of $0.9 billion, net of cash acquired
and after an exchange transaction with another carrier to complete the required divestiture of certain markets.
On June 10, 2008, in connection with the announcement of the Alltel transaction, Verizon Wireless purchased approximately $5.0 billion
aggregate principal amount of debt obligations of Alltel for approximately $4.8 billion plus accrued and unpaid interest.
In 2007, we paid $0.4 billion, net of cash received, to acquire a network security business and $0.2 billion to purchase several wireless properties