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FIXED ASSETS
12 Months Ended
Dec. 31, 2021
FIXED ASSETS:  
FIXED ASSETS:

6. FIXED ASSETS:

As of December 31, 2021 and 2020, property, plant and equipment consisted of the following (in thousands):

Useful Life

    

(in Years)

    

2021

    

2020

 

Telecommunications equipment and towers

 

5 -15

$

1,309,608

$

1,012,457

Office and computer equipment

 

3 -10

 

153,371

 

87,427

Buildings

 

15-39

 

125,688

 

52,048

Transportation vehicles

 

3 -10

 

25,420

 

13,730

Leasehold improvements

 

Shorter of useful
life or lease term

 

23,783

 

16,709

Land

 

 

10,610

 

8,180

Furniture and fixtures

 

5 -10

 

12,484

 

11,320

Total property, plant and equipment

 

1,660,964

 

1,201,871

Construction in progress

 

87,128

 

50,909

Total property, plant and equipment

 

1,748,092

 

1,252,780

Less: Accumulated depreciation

 

(804,883)

 

(716,318)

Net fixed assets

$

943,209

$

536,462

Depreciation and amortization of fixed assets, using the straight-line method over the assets’ estimated useful life, for the years ended December 31, 2021, 2020 and 2019 was $102.7 million, $86.5 million and $87.0 million, respectively. Included within telecommunication equipment and towers are certain right to use assets under capital lease with a cost of $30.8 million and $25.4 million and net book value of and $18.7 million and $15.9 million, as of December 31, 2021 and 2020, respectively.

For the years ended December 31, 2021 and 2020, the Company received capital expenditure grants of $7.5 million and $16.3 million, respectively.

The Company had $8.0 million and $5.6 million of capitalized implementation costs at December 31, 2021 and 2020, respectively. The Company amortized $1.2 million and $0.7 million of implementation costs during the year ended December 31, 2021 and 2020, respectively.