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FIXED ASSETS

12 Months Ended

Dec. 31, 2024

FIXED ASSETS:

FIXED ASSETS:

6. FIXED ASSETS:

As of December 31, 2024 and 2023, property, plant and equipment consisted of the following (in thousands):

​	​	​	​	​	​	​	​	​	​
​	​	Useful Life	​	​	​	​	​	​	​
​		(in Years)		2024			2023
Telecommunications equipment and towers		5 -15	​	$	1,571,145	​	$	1,539,533	​
Office and computer equipment		3 -10	​		112,371	​		148,693	​
Buildings		15-39	​		100,533	​		138,243	​
Transportation vehicles		3 -10	​		20,335	​		27,480	​
Leasehold improvements		Shorter of useful life or lease term	​		16,902	​		22,424	​
Land		—	​		25,887	​		11,652	​
Furniture and fixtures		5 -10	​		9,189	​		11,438	​
Total property, plant and equipment	​	​	​		1,856,362	​		1,899,463	​
Construction in progress	​	​	​		272,559	​		192,815	​
Total property, plant and equipment	​	​	​		2,128,921	​		2,092,278	​
Less: Accumulated depreciation	​	​	​		(1,088,728)	​		(1,011,619)	​
Net fixed assets	​	​	​	$	1,040,193	​	$	1,080,659	​

​

Depreciation and amortization of fixed assets, using the straight-line method over the assets’ estimated useful life, for the years ended December 31, 2024, 2023 and 2022 was $138.3 million, $141.6 million and $135.1 million, respectively. Included within telecommunication equipment and towers are finance leases with a cost of $51.4 million and $36.1 million and net book value of $29.6 million and $8.7 million, as of December 31, 2024 and 2023, respectively.

For the years ended December 31, 2024 and 2023, the Company received grant capital expenditure reimbursements of $95.8 million and $31.9 million, respectively, which are reflected in the balance sheet as a reduction to property, plant and equipment.

The Company had $10.9 million and $8.1 million of capitalized implementation costs at December 31, 2024 and 2023, respectively. The Company amortized $2.1 million and $2.2 million of implementation costs during the year ended December 31, 2024 and 2023, respectively.

During 2024, the Company disposed of real estate assets in its International Telecom segment with a book value of $0.5 million. The Company received $17.8 million of sale proceeds recognizing a gain of $15.5 million and selling costs of $1.8 million.

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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/1943274/2147477798/958-360-50-6

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/1943274/2147477798/958-360-50-1

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/1943274/2147477798/958-360-50-7

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