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Acquisitions (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Acquisition Capital Expenditures



	For the three months				For the nine months
	ended September 30,				ended September 30,
	2023		2022		2023		2022

	(in thousands)
Acquisitions of towers and related intangible assets⁽¹⁾	$	39,852	$	57,439	$	59,457	$	343,967
Acquisition of right-of-use assets		1,208		—		3,954		2,220
Land buyouts and other assets ⁽²⁾⁽³⁾		12,054		7,704		29,440		72,534
Total cash acquisition capital expenditures	$	53,114	$	65,143	$	92,851	$	418,721

(1)The nine months ended September 30, 2022 includes $176.1 million of acquisitions related to the Company’s purchase of sites from Airtel Tanzania.

(2)Excludes $6.7 million and $4.3 million spent to extend ground lease terms for the three months ended September 30, 2023 and 2022, respectively, and excludes $15.0 million and $10.6 million spent to extend ground lease terms for the nine months ended September 30, 2023 and 2022, respectively. The Company recorded these amounts in prepaid ground rent within prepaid expenses and other current assets on its Consolidated Balance Sheets.

(3)The nine months ended September 30, 2022 includes amounts paid related to the acquisition of a data center.