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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2023
SEGMENT REPORTING |
SEGMENT REPORTING | 13. SEGMENT REPORTING The Company has the following two reportable and operating segments: i) International Telecom and ii) US Telecom. The following tables provide information for each operating segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended June 30, 2023
​ |  | ​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 3,507 | ​ | $ | 114 | ​ | $ | — | ​ | $ | 3,621
Mobility - Consumer | ​ | ​ | 23,349 | ​ | ​ | 863 | ​ | ​ | — | ​ | ​ | 24,212
Total Mobility | ​ | ​ | 26,856 | ​ | ​ | 977 | ​ | ​ | — | ​ | ​ | 27,833
Fixed - Business | ​ | ​ | 17,214 | ​ | ​ | 35,495 | ​ | ​ | — | ​ | ​ | 52,709
Fixed - Consumer | ​ | ​ | 42,459 | ​ | ​ | 22,608 | ​ | ​ | — | ​ | ​ | 65,067
Total Fixed | ​ | ​ | 59,673 | ​ |  | 58,103 | ​ |  | — | ​ |  | 117,776
Carrier Services | ​ | ​ | 3,879 | ​ | ​ | 31,576 | ​ | ​ | — | ​ | ​ | 35,455
Other | ​ |  | 448 | ​ | ​ | 64 | ​ | ​ | — | ​ | ​ | 512
Total Communication Services Revenue | ​ |  | 90,856 | ​ | ​ | 90,720 | ​ | ​ | — | ​ | ​ | 181,576
Construction | ​ | ​ | — | ​ | ​ | 1,020 | ​ | ​ | — | ​ | ​ | 1,020
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 1,125 | ​ | ​ | 2,720 | ​ | ​ | — | ​ | ​ | 3,845
Total other revenue | ​ | ​ | 1,125 | ​ | ​ | 2,720 | ​ | ​ | — | ​ | ​ | 3,845
Total Revenue | ​ | ​ | 91,981 | ​ | ​ | 94,460 | ​ | ​ | — | ​ | ​ | 186,441
Depreciation and amortization | ​ |  | 14,106 | ​ |  | 21,430 | ​ |  | 681 | ​ |  | 36,217
Amortization of intangibles from acquisitions | ​ | ​ | 364 | ​ | ​ | 2,780 | ​ | ​ | — | ​ | ​ | 3,144
Non-cash stock-based compensation | ​ |  | 109 | ​ |  | 9 | ​ |  | 2,621 | ​ |  | 2,739
Operating income (loss) | ​ |  | 14,552 | ​ |  | (2,394) | ​ |  | (9,718) | ​ |  | 2,440
​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended June 30, 2022
​ |  | ​ | ​ |  |  |  | ​ | ​ |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 3,675 | ​ | $ | 301 | ​ | $ | — | ​ | $ | 3,976
Mobility - Consumer | ​ | ​ | 21,279 | ​ | ​ | 1,549 | ​ | ​ | — | ​ | ​ | 22,828
Total Mobility | ​ | ​ | 24,954 | ​ | ​ | 1,850 | ​ | ​ | — | ​ | ​ | 26,804
Fixed - Business | ​ | ​ | 16,996 | ​ | ​ | 31,866 | ​ | ​ | — | ​ | ​ | 48,862
Fixed - Consumer | ​ | ​ | 41,353 | ​ | ​ | 19,166 | ​ | ​ | — | ​ | ​ | 60,519
Total Fixed | ​ | ​ | 58,349 | ​ | ​ | 51,032 | ​ | ​ | — | ​ | ​ | 109,381
Carrier Services | ​ | ​ | 3,421 | ​ | ​ | 31,753 | ​ | ​ | — | ​ | ​ | 35,174
Other | ​ |  | 436 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 436
Total Communication Services Revenue | ​ |  | 87,160 | ​ | ​ | 84,635 | ​ | ​ | — | ​ | ​ | 171,795
Construction | ​ | ​ | — | ​ | ​ | 3,297 | ​ | ​ | — | ​ | ​ | 3,297
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 1,246 | ​ | ​ | 3,159 | ​ | ​ | — | ​ | ​ | 4,405
Total Other Revenue | ​ | ​ | 1,246 | ​ | ​ | 3,159 | ​ | ​ | — | ​ | ​ | 4,405
Total Revenue | ​ | ​ | 88,406 | ​ | ​ | 91,091 | ​ | ​ | — | ​ | ​ | 179,497
Depreciation | ​ |  | 15,074 | ​ | ​ | 17,763 | ​ | ​ | 980 | ​ |  | 33,817
Amortization of intangibles from acquisitions | ​ | ​ | 394 | ​ | ​ | 2,856 | ​ | ​ | — | ​ | ​ | 3,250
Non-cash stock-based compensation | ​ |  | 56 | ​ | ​ | 79 | ​ | ​ | 2,433 | ​ |  | 2,568
Operating income (loss) | ​ |  | 11,646 | ​ | ​ | (281) | ​ | ​ | (9,643) | ​ |  | 1,722
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Six Months Ended June 30, 2023
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 7,083 | ​ | $ | 286 | ​ | $ | — | ​ | $ | 7,369
Mobility - Consumer | ​ | ​ | 45,880 | ​ | ​ | 1,850 | ​ | ​ | — | ​ | ​ | 47,730
Total Mobility | ​ | ​ | 52,963 | ​ | ​ | 2,136 | ​ | ​ | — | ​ | ​ | 55,099
Fixed - Business | ​ | ​ | 34,327 | ​ | ​ | 71,814 | ​ | ​ | — | ​ | ​ | 106,141
Fixed - Consumer | ​ | ​ | 84,236 | ​ | ​ | 45,190 | ​ | ​ | — | ​ | ​ | 129,426
Total Fixed | ​ | ​ | 118,563 | ​ |  | 117,004 | ​ |  | — | ​ |  | 235,567
Carrier Services | ​ | ​ | 7,570 | ​ | ​ | 63,660 | ​ | ​ | — | ​ | ​ | 71,230
Other | ​ |  | 848 | ​ | ​ | 139 | ​ | ​ | — | ​ | ​ | 987
Total Communication Services Revenue | ​ |  | 179,944 | ​ | ​ | 182,939 | ​ | ​ | — | ​ | ​ | 362,883
Construction | ​ |  | — | ​ | ​ | 1,610 | ​ | ​ | — | ​ | ​ | 1,610
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 2,445 | ​ | ​ | 5,276 | ​ | ​ | — | ​ | ​ | 7,721
Total Other Revenue | ​ | ​ | 2,445 | ​ | ​ | 5,276 | ​ | ​ | — | ​ | ​ | 7,721
Total Revenue | ​ | ​ | 182,389 | ​ | ​ | 189,825 | ​ | ​ | — | ​ | ​ | 372,214
Depreciation | ​ |  | 28,292 | ​ | ​ | 42,917 | ​ | ​ | 1,412 | ​ |  | 72,621
Amortization of intangibles from acquisitions | ​ | ​ | 744 | ​ | ​ | 5,647 | ​ | ​ | — | ​ | ​ | 6,391
Non-cash stock-based compensation | ​ |  | 176 | ​ | ​ | 86 | ​ | ​ | 4,255 | ​ |  | 4,517
Operating income (loss) | ​ |  | 28,377 | ​ | ​ | (6,737) | ​ | ​ | (18,566) | ​ |  | 3,074
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Six Months Ended June 30, 2022
​ |  | ​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 7,291 | ​ | $ | 674 | ​ | $ | — | ​ | $ | 7,965
Mobility - Consumer | ​ | ​ | 41,249 | ​ | ​ | 3,006 | ​ | ​ | — | ​ | ​ | 44,255
Total Mobility | ​ | ​ | 48,540 | ​ | ​ | 3,680 | ​ | ​ | — | ​ | ​ | 52,220
Fixed - Business | ​ | ​ | 34,250 | ​ | ​ | 59,011 | ​ | ​ | — | ​ | ​ | 93,261
Fixed - Consumer | ​ | ​ | 82,446 | ​ | ​ | 38,136 | ​ | ​ | — | ​ | ​ | 120,582
Total Fixed | ​ | ​ | 116,696 | ​ |  | 97,147 | ​ |  | — | ​ |  | 213,843
Carrier Services | ​ | ​ | 6,823 | ​ | ​ | 64,742 | ​ | ​ | — | ​ | ​ | 71,565
Other | ​ |  | 710 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 710
Total Communication Services Revenue | ​ |  | 172,769 | ​ | ​ | 165,569 | ​ | ​ | — | ​ | ​ | 338,338
Construction | ​ | ​ | — | ​ | ​ | 5,283 | ​ | ​ | — | ​ | ​ | 5,283
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 2,422 | ​ | ​ | 5,474 | ​ | ​ | — | ​ | ​ | 7,896
Total other revenue | ​ | ​ | 2,422 | ​ | ​ | 5,474 | ​ | ​ | — | ​ | ​ | 7,896
Total Revenue | ​ | ​ | 175,191 | ​ | ​ | 176,326 | ​ | ​ | — | ​ | ​ | 351,517
Depreciation and amortization | ​ |  | 28,971 | ​ | ​ | 36,205 | ​ | ​ | 1,933 | ​ |  | 67,109
Amortization of intangibles from acquisitions | ​ | ​ | 812 | ​ | ​ | 5,696 | ​ | ​ | — | ​ | ​ | 6,508
Non-cash stock-based compensation | ​ |  | 116 | ​ | ​ | 169 | ​ | ​ | 3,743 | ​ |  | 4,028
Operating income (loss) | ​ |  | 23,450 | ​ | ​ | (4,914) | ​ | ​ | (16,703) | ​ |  | 1,833
​ ​ Selected balance sheet data for each of the Company’s segments as of June 30, 2023 and December 31, 2022 consists of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ |  |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
June 30, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and restricted cash | ​ | $ | 33,332 | ​ | $ | 25,433 | ​ | $ | 8,457 | ​ | $ | 67,222
Total current assets | ​ | ​ | 116,153 | ​ | ​ | 121,908 | ​ | ​ | 10,035 | ​ | ​ | 248,096
Fixed assets, net | ​ | ​ | 472,548 | ​ | ​ | 584,833 | ​ | ​ | 6,083 | ​ | ​ | 1,063,464
Goodwill | ​ |  | 4,835 | ​ |  | 35,269 | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 668,185 | ​ |  | 975,997 | ​ |  | 85,787 | ​ | ​ | 1,729,969
Total current liabilities | ​ | ​ | 88,950 | ​ | ​ | 123,616 | ​ | ​ | 28,276 | ​ | ​ | 240,842
Total debt | ​ | ​ | 63,478 | ​ | ​ | 327,120 | ​ | ​ | 138,000 | ​ | ​ | 528,598
December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and restricted cash | ​ | $ | 26,418 | ​ | $ | 26,375 | ​ | $ | 6,935 | ​ | $ | 59,728
Total current assets | ​ | ​ | 105,324 | ​ | ​ | 116,038 | ​ | ​ | 8,326 | ​ | ​ | 229,688
Fixed assets, net | ​ | ​ | 462,447 | ​ | ​ | 585,969 | ​ | ​ | 7,538 | ​ | ​ | 1,055,954
Goodwill | ​ |  | 4,835 | ​ |  | 35,269 | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 643,664 | ​ |  | 980,543 | ​ |  | 83,662 | ​ | ​ | 1,707,869
Total current liabilities | ​ | ​ | 86,738 | ​ | ​ | 119,755 | ​ | ​ | 26,687 | ​ | ​ | 233,180
Total debt | ​ | ​ | 59,659 | ​ | ​ | 308,589 | ​ | ​ | 99,000 | ​ | ​ | 467,248
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Capital Expenditures
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | International | ​ | ​ | US | ​ | ​ | Corporate and | ​ | ​ | ​
Six months ended June 30, | ​ | ​ | Telecom | ​ | ​ | Telecom | ​ | ​ | Other (1) | ​ | ​ | Consolidated
2023 | ​ | $ | 38,906 | ​ | $ | 57,531 | ​ | $ | — | ​ | $ | 96,437
2022 | ​ | ​ | 33,870 | ​ | ​ | 40,804 | ​ | ​ | 424 | ​ | ​ | 75,098
​
| (1) | Corporate and other items refer to corporate overhead costs and consolidating adjustments

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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