XML 61 R44.htm IDEA: XBRL DOCUMENT

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

SEGMENT REPORTING

Schedule of information for each operating segment


For the Year Ended December 31, 2024

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	19,794		$	277		$	—		$	20,071
Mobility - Consumer			87,407			2,494			—			89,901
Total Mobility			107,201			2,771			—			109,972
Fixed - Business			74,087			125,439			—			199,526
Fixed - Consumer			172,078			86,760			—			258,838
Total Fixed			246,165			212,199			—			458,364
Carrier Services			13,724			119,561			—			133,285
Other			4,680			1,457			—			6,137
Total Communication Services Revenue			371,770			335,988			—			707,758
Construction			—			3,900			—			3,900
Other
Managed Services			5,693			11,724			—			17,417
Total Other Revenue			5,693			11,724			—			17,417
Total Revenue			377,463			351,612			—			729,075

Operating Expenses
Cost of communication services and other			136,137			176,268			(149)			312,256
Cost of construction revenue			—			3,866			—			3,866
Selling, general and administrative			114,175			91,650			23,044			228,869
Stock-based compensation			354			621			7,262			8,237
Transaction-related charges			—			3,789			1,058			4,847
Restructuring and reorganization expenses			1,489			1,167			879			3,535
Depreciation and amortization			63,708			73,994			633			138,335
Amortization of intangibles from acquisitions			1,006			6,901			—			7,907
(Gain) loss on disposition of assets and transfers			(15,179)			2,529			(601)			(13,251)
Goodwill impairment			—			35,269			—			35,269
Total Operating Expenses			301,690			396,054			32,126			729,870
Income from operations			75,773			(44,442)			(32,126)			(795)
Other income (expenses)
Interest income												1,186
Interest expense												(49,548)
Other expense												(1,809)
Other expense												(50,171)
Loss before income taxes												(50,966)

Other segment disclosures:
Net (income) loss attributable to non-controlling interests			(12,844)			18,267			—			5,423


For the Year Ended December 31, 2023

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	16,333		$	527		$	—		$	16,860
Mobility - Consumer			92,153			3,510			—			95,663
Total Mobility			108,486			4,037			—			112,523
Fixed - Business			71,215			143,322			—			214,537
Fixed - Consumer			167,953			90,283			—			258,236
Total Fixed			239,168			233,605			—			472,773
Carrier Services			14,686			128,195			—			142,881
Other			3,066			3,839			—			6,905
Total Communication Services Revenue			365,406			369,676			—			735,082
Construction			—			10,629			—			10,629
Other
Managed Services			5,327			11,178			—			16,505
Total other revenue			5,327			11,178			—			16,505
Total Revenue			370,733			391,483			—			762,216

Operating Expenses
Cost of communication services and other			141,771			178,829			(877)			319,723
Cost of construction revenue			—			10,345			—			10,345
Selling, general and administrative			113,007			102,375			27,315			242,697
Stock-based compensation			431			247			7,857			8,535
Transaction-related charges			—			172			379			551
Restructuring and reorganization expenses			3,491			7,737			—			11,228
Depreciation and amortization			57,420			81,594			2,613			141,627
Amortization of intangibles from acquisitions			1,253			11,383			—			12,636
(Gain) loss on disposition of assets and transfers			(60)			4,323			(2,564)			1,699
Total Operating Expenses			317,313			397,005			34,723			749,041
Income from operations			53,420			(5,522)			(34,723)			13,175
Other income (expenses)
Interest income												476
Interest expense												(42,686)
Other income												1,496
Other expense												(40,714)
Loss before income taxes												(27,539)

Other segment disclosures:
Net (income) loss attributable to non-controlling interests			(7,105)			11,321			—			4,216


For the Year Ended December 31, 2022

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	14,830		$	1,228		$	—		$	16,058
Mobility - Consumer			87,601			6,359			—			93,960
Total Mobility			102,431			7,587			—			110,018
Fixed - Business			69,903			126,735			—			196,638
Fixed - Consumer			163,408			78,338			—			241,746
Total Fixed			233,311			205,073			—			438,384
Carrier Services			13,459			128,864			—			142,323
Other			1,450			46			—			1,496
Total Communication Services Revenue			350,651			341,570			—			692,221
Construction			—			15,762			—			15,762
Other
Managed Services			4,930			12,832			—			17,762
Total Other Revenue			4,930			12,832			—			17,762
Total Revenue			355,581			370,164			—			725,745

Operating Expenses
Cost of communication services and other			140,099			173,302			(506)			312,895
Cost of construction revenue			—			15,763			—			15,763
Selling, general and administrative			103,933			95,703			24,763			224,399
Stock-based compensation			240			387			6,779			7,406
Transaction-related charges			—			1,669			3,129			4,798
Depreciation and amortization			56,568			75,020			3,549			135,137
Amortization of intangibles from acquisitions			1,572			11,444			—			13,016
(Gain) loss on disposition of assets and transfers			1,157			2,532			700			4,389
Total Operating Expenses			303,569			375,820			38,414			717,803
Income from operations			52,012			(5,656)			(38,414)			7,942
Other income (expenses)
Interest income												174
Interest expense												(20,417)
Other income (expense)												4,245
Other (expense)												(15,998)
Loss before income taxes												(8,056)

Other segment disclosures:
Net (income) loss attributable to non-controlling interests			(6,613)			8,551			—			1,938

(1)	Corporate and other refers to corporate overhead expenses and consolidating adjustments.

Schedule of selected balance sheet data for each segment


		International			US			Corporate and
		Telecom			Telecom			Other			Consolidated
December 31, 2024
Cash, cash equivalents, and restricted cash		$	35,231		$	51,604		$	2,409		$	89,244
Total current assets			129,866			168,754			10,541			309,161
Fixed assets, net			466,861			565,625			7,707			1,040,193
Goodwill			4,835			—			—			4,835
Total assets			675,642			957,914			93,547			1,727,103
Total current liabilities			85,588			147,490			34,236			267,314
Total debt, including current portion			59,850			316,241			181,265			557,356
December 31, 2023
Cash, cash equivalents, and restricted cash		$	26,354		$	33,574		$	2,239		$	62,167
Total current assets			107,469			162,768			11,035			281,272
Fixed assets, net			481,911			593,833			4,915			1,080,659
Goodwill			4,836			35,268			—			40,104
Total assets			672,171			1,019,924			91,619			1,783,714
Total current liabilities			86,540			169,297			37,357			293,194
Total debt, including current portion			64,254			293,607			159,009			516,870

Schedule of segment capital expenditures


		Capital Expenditures

			International			US			Corporate and
Year ended December 31,			Telecom			Telecom			Other (1)			Consolidated
2024		$	56,693		$	53,652		$	29		$	110,374
2023			76,379			86,918			—			163,297

(1)	Corporate and other refers to corporate overhead expenses and consolidating adjustments.

Schedule of revenues and long lived assets by geographic location

The table below identifies the Company’s revenues and long-lived assets by geographic location. The Company attributes revenue to geographic location based on location of the customer (in thousands):


		2024						2023						2022
					Long-Lived						Long-Lived						Long-Lived
		Revenues			Assets			Revenues			Assets			Revenues			Assets

US		$	353,277		$	872,515		$	391,870		$	938,650		$	370,204		$	927,177
Guyana			122,576			188,183			119,915			195,030			113,816			174,719
US Virgin Islands			92,104			208,059			95,129			213,553			93,264			209,101
Bermuda			117,845			97,310			114,096			102,227			110,337			100,125
Other Foreign Countries			43,273			51,877			41,206			52,982			38,124			67,058
		$	729,075		$	1,417,944		$	762,216		$	1,502,442		$	725,745		$	1,478,180