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FIXED ASSETS
12 Months Ended
Dec. 31, 2022
FIXED ASSETS:  
FIXED ASSETS:

6. FIXED ASSETS:

As of December 31, 2022 and 2021, property, plant and equipment consisted of the following (in thousands):

Useful Life

    

(in Years)

    

2022

    

2021

 

Telecommunications equipment and towers

 

5 -15

$

1,479,633

$

1,309,608

Office and computer equipment

 

3 -10

 

151,804

 

153,371

Buildings

 

15-39

 

136,145

 

125,688

Transportation vehicles

 

3 -10

 

27,879

 

25,420

Leasehold improvements

 

Shorter of useful
life or lease term

 

22,934

 

23,783

Land

 

 

11,308

 

10,610

Furniture and fixtures

 

5 -10

 

11,592

 

12,484

Total property, plant and equipment

 

1,841,295

 

1,660,964

Construction in progress

 

136,683

 

87,128

Total property, plant and equipment

 

1,977,978

 

1,748,092

Less: Accumulated depreciation

 

(922,024)

 

(804,883)

Net fixed assets

$

1,055,954

$

943,209

Depreciation and amortization of fixed assets, using the straight-line method over the assets’ estimated useful life, for the years ended December 31, 2022, 2021 and 2020 was $135.1 million, $102.7 million and $86.5 million, respectively. Included within telecommunication equipment and towers are certain right to use assets under capital lease with a cost of $26.6 million and $30.8 million and net book value of and $13.7 million and $18.7 million, as of December 31, 2022 and 2021, respectively.

For the years ended December 31, 2022 and 2021, the Company received capital expenditure grants of $2.9 million and $7.5 million, respectively, which are reflected in the balance sheet as a reduction to property, plant and equipment.

The Company had $5.6 million and $8.0 million of capitalized implementation costs at December 31, 2022 and 2021, respectively. The Company amortized $1.9 million and $1.2 million of implementation costs during the year ended December 31, 2022 and 2021, respectively.