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GOVERNMENT SUPPORT AND SPECTRUM MATTERS (Tables)

6 Months Ended

Jun. 30, 2024

Disaggregation of Revenue [Line Items]

Revenue accounted for in accordance with ASC 606 consisted of the following for the periods presented below (in thousands):


	Three months ended June 30, 2024						Three months ended June 30, 2023
	International		US				International		US
	Telecom		Telecom		Total		Telecom		Telecom		Total
Services transferred over time	$	90,271	$	71,829	$	162,100	$	86,730	$	80,330	$	167,060
Goods and services transferred at a point in time		3,618		3,648		7,266		3,781		2,597		6,378
Total revenue accounted for under ASC 606	$	93,889	$	75,477	$	169,366	$	90,511	$	82,927	$	173,438
Operating lease income		75		2,036		2,111		73		1,887		1,960
Government grant revenue (1)		1,393		10,411		11,804		1,397		9,646		11,043
Total revenue	$	95,357	$	87,924	$	183,281	$	91,981	$	94,460	$	186,441


	Six months ended June 30, 2024						Six months ended June 30, 2023
	International		US				International		US
	Telecom		Telecom		Total		Telecom		Telecom		Total
Services transferred over time	$	178,831	$	149,872	$	328,703	$	172,409	$	161,403	$	333,812
Goods and services transferred at a point in time		6,652		6,919		13,571		7,040		5,144		12,184
Total revenue accounted for under ASC 606	$	185,483	$	156,791	$	342,274	$	179,449	$	166,547	$	345,996
Operating lease income		147		4,070		4,217		145		3,717		3,862
Government grant revenue (1)		2,786		20,799		23,585		2,795		19,561		22,356
Total revenue	$	188,416	$	181,660	$	370,076	$	182,389	$	189,825	$	372,214

(1)

Revenue recognized from CAF II, USF and RDOF programs. Refer to Note 8.

Network Connectivity for Eligible Communities

Disaggregation of Revenue [Line Items]

Schedule of grant funds

The Company has also been awarded construction grants to build network connectivity for eligible communities. The funding of these grants, used to reimburse the Company for its construction costs, is generally distributed after the Company incurs reimbursable costs. Completion deadlines begin in 2024 and once these projects are constructed, the Company is obligated to provide service to the participants. The Company expects to meet all requirements associated with these grants. A roll forward of the Company’s grant awards is below (in thousands).


	Amount
Grants awarded, December 31, 2023	$	100,149
New grants		—
Construction complete		—
Transferred grants		—
Grants awarded, June 30, 2024	$	100,149

Remove And Replace Program

Disaggregation of Revenue [Line Items]

Schedule of grant funds

A summary of the amounts spent and reimbursed under the Replace and Remove Program is below (in thousands):


	Capital		Operating		Total

Total spend, December 31, 2023	$	49,262	$	15,126	$	64,388
Amounts spent		38,126		9,528		47,654
Total spend, June 30, 2024	$	87,388	$	24,654	$	112,042

Total reimbursements, December 31, 2023	$	(12,773)	$	(4,354)	$	(17,127)
Reimbursements received		(41,421)		(10,721)		(52,142)
Total reimbursements, June 30, 2024	$	(54,194)	$	(15,075)	$	(69,269)

Amount pending reimbursement	$	33,194	$	9,579	$	42,773


	Capital		Operating		Total

Total spend, December 31, 2022	$	1,836	$	1,489	$	3,325
Amounts spent		12,739		4,966		17,705
Total spend, June 30, 2023	$	14,575	$	6,455	$	21,030

Amount pending reimbursement	$	14,575	$	6,455	$	21,030

Communication services

Disaggregation of Revenue [Line Items]

Summary of revenues

The Company recorded the amounts below as communication services revenue for the reported periods (in thousands):


	Three months ended						Three months ended
	June 30, 2024						June 30, 2023

	US Telecom		International Telecom		Total		US Telecom		International Telecom		Total

High cost support	$	3,483	$	1,393	$	4,876	$	2,222	$	1,397	$	3,619
CAF II		6,784		—		6,784		6,815		—		6,815
RDOF		145		—		145		608		—		608
ECF		498		—		498		6,813		—		6,813
RHC		3,682		—		3,682		2,887		—		2,887
Other		1,707		155		1,862		4,668		5		4,673
Total	$	16,299	$	1,548	$	17,847	$	24,013	$	1,402	$	25,415


	Six months ended						Six months ended
	June 30, 2024						June 30, 2023

	US Telecom		International Telecom		Total		US Telecom		International Telecom		Total

High cost support	$	6,937	$	2,786	$	9,723	$	4,716	$	2,795	$	7,511
CAF II		13,571		—		13,571		13,630		—		13,630
RDOF		290		—		290		1,216		—		1,216
ECF		7,312		—		7,312		14,880		—		14,880
RHC		7,119		—		7,119		5,787		—		5,787
Other		8,407		470		8,877		9,361		9		9,370
Total	$	43,636	$	3,256	$	46,892	$	49,590	$	2,804	$	52,394

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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