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FIXED ASSETS

12 Months Ended

Dec. 31, 2023

FIXED ASSETS:

FIXED ASSETS:

6. FIXED ASSETS:

As of December 31, 2023 and 2022, property, plant and equipment consisted of the following (in thousands):

​	​	​	​	​	​	​	​	​	​
​	​	Useful Life	​	​	​	​	​	​	​
​		(in Years)		2023			2022
Telecommunications equipment and towers		5 -15	​	$	1,539,533	​	$	1,479,633	​
Office and computer equipment		3 -10	​		148,693	​		151,804	​
Buildings		15-39	​		138,243	​		136,145	​
Transportation vehicles		3 -10	​		27,480	​		27,879	​
Leasehold improvements		Shorter of useful life or lease term	​		22,424	​		22,934	​
Land		—	​		11,652	​		11,308	​
Furniture and fixtures		5 -10	​		11,438	​		11,592	​
Total property, plant and equipment	​	​	​		1,899,463	​		1,841,295	​
Construction in progress	​	​	​		192,815	​		136,683	​
Total property, plant and equipment	​	​	​		2,092,278	​		1,977,978	​
Less: Accumulated depreciation	​	​	​		(1,011,619)	​		(922,024)	​
Net fixed assets	​	​	​	$	1,080,659	​	$	1,055,954	​

​

Depreciation and amortization of fixed assets, using the straight-line method over the assets’ estimated useful life, for the years ended December 31, 2023, 2022 and 2021 was $141.6 million, $135.1 million and $102.7 million, respectively. Included within telecommunication equipment and towers are certain right to use assets under capital lease with a cost of $36.1 million and $26.6 million and net book value of and $8.7 million and $13.7 million, as of December 31, 2023 and 2022, respectively.

For the years ended December 31, 2023 and 2022, the Company received capital expenditure grants of $31.9 million and $2.9 million, respectively, which are reflected in the balance sheet as a reduction to property, plant and equipment.

The Company had $8.1 million and $5.6 million of capitalized implementation costs at December 31, 2023 and 2022, respectively. The Company amortized $2.2 million and $1.9 million of implementation costs during the year ended December 31, 2023 and 2022, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480321/958-360-50-7

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