Property, Plant and Equipment

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following:


($ in thousands)	Estimated Useful Lives	March 31, 2025		December 31, 2024
Land		$	4,514	$	4,514
Land improvements	10 years	3,717		3,717
Buildings and structures	10 - 45 years	53,565		52,706
Cable and fiber	12 - 30 years	1,329,123		1,294,689
Equipment and software	4 - 12 years	421,483		417,057
Total plant in service		1,812,402		1,772,683
Plant under construction		240,695		207,428
Total property, plant and equipment		2,053,097		1,980,111
Less: accumulated depreciation and amortization		(569,301)		(541,573)
Property, plant and equipment, net		$	1,483,796	$	1,438,538

Property, plant and equipment, net increased primarily due to capital expenditures to support the Company’s Glo Fiber market expansion. The Company’s accounts payable as of March 31, 2025 and December 31, 2024 included amounts associated with capital expenditures of approximately $55.6 million and $55.1 million, respectively. Depreciation and amortization expense was $29.0 million and $17.3 million during the three months ended March 31, 2025 and 2024, respectively.