Property, Plant and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following:


($ in thousands)	Estimated Useful Lives	September 30, 2025		December 31, 2024
Land		$	4,498	$	4,514
Land improvements	10 years	3,677		3,717
Buildings and structures	10 - 45 years	53,924		52,706
Cable and fiber	12 - 30 years	1,449,956		1,294,689
Equipment and software	4 - 12 years	431,552		417,057
Total plant in service		1,943,607		1,772,683
Plant under construction		235,557		207,428
Total property, plant and equipment		2,179,164		1,980,111
Less: accumulated depreciation and amortization		(607,438)		(541,573)
Property, plant and equipment, net		$	1,571,726	$	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 September 30, 2025 and December 31, 2024 included amounts associated with capital expenditures of approximately $70.4 million and $55.1 million, respectively. Depreciation and amortization expense was $34.0 million and $27.2 million during the three months ended September 30, 2025 and 2024, respectively, and $97.6 million and $69.6 million during the nine months ended September 30, 2025 and 2024, respectively. The Company also wrote off $3.2 million and $7.4 million plant under construction inventory assets during the three and nine months ended September 30, 2025, respectively. The write-off related to plant under construction inventory assets that are no longer planned to be used. These amounts are presented in depreciation and amortization in the Company’s unaudited condensed consolidated statements of operations.