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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Service revenue $ 1,036,104 $ 940,922 $ 599,604
Operating expenses:      
Network operations (including $1,681, $1,069 and $553 of equity-based compensation expense, respectively), exclusive of amounts shown separately 641,836 544,232 228,154
Selling, general, and administrative (including $24,057, $25,855 and $23,886 of equity-based compensation expense, respectively) 275,781 275,318 163,021
Acquisition costs - Sprint Business 21,407 18,492 2,248
Depreciation and amortization     92,222
Total operating expenses 1,237,042 1,070,251 485,645
Gain on lease termination 3,332    
Operating (loss) income (197,606) (129,329) 113,959
Interest expense, including change in valuation - interest rate swap (123,317) (93,344) (110,697)
Foreign exchange gain on 2024 Notes     31,561
Gain on bargain purchase - Sprint Business 22,202 1,406,435  
Interest income - IP Transit Services Agreement 23,767 26,796  
Interest income - Purchase Agreement 748 1,889  
Interest income and other 14,557 7,030 3,438
(Loss) income before income taxes (259,649) 1,219,477 26,376
Income tax benefit (expense) 55,575 53,964 (21,230)
Net (loss) income (204,074) 1,273,441 5,146
Comprehensive (loss) income:      
Net (loss) income (204,074) 1,273,441 5,146
Foreign currency translation adjustment (16,300)   (8,153)
Comprehensive (loss) income $ (220,374) $ 1,278,213 $ (3,007)
Net (loss) income per common share:      
Basic net (loss) income per common share $ (4.28) $ 26.88 $ 0.11
Diluted net (loss) income per common share (4.28) 26.62 0.11
Dividends declared per common share $ 3.92 $ 3.76 $ 3.555
Weighted-average common shares-basic 47,627,873 47,373,361 46,875,992
Weighted-average common shares -diluted 47,627,873 47,837,512 47,207,298
2024 Notes      
Operating expenses:      
Loss on debt extinguishment and redemption - 2024 Notes     $ (11,885)