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ORGANIZATION AND BUSINESS OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2025

ORGANIZATION AND BUSINESS OPERATIONS

Schedule of the operating activities of the Company's principal subsidiaries, the segments in which the Company reports its revenue and markets served

The following chart summarizes the operating activities of the Company’s principal subsidiaries, the segments in which it reports its revenue and the markets it served during the nine months ended September 30, 2025:

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​	​	​	​	​	​	​	​	​	​
International Telecom					US Telecom
Services		Markets	​	Tradenames (1)	Services		Markets	​	Tradenames
Mobility Services	​	Bermuda, Guyana, US Virgin Islands	​	One Communications, Brava	Mobility Services		United States (rural markets)	​	Choice, Choice NTUA Wireless
Fixed Services	​	Bermuda, Cayman Islands, Guyana, US Virgin Islands	​	One Communications, Logic, Brava	Fixed Services	​	United States	​	Alaska Communications, Commnet, Choice, Choice NTUA Wireless, Sacred Wind Communications, Ethos Broadband, Deploycom
Carrier Services	​	Bermuda, Guyana, US Virgin Islands, Cayman Islands	​	One Communications, Essextel, Logic, Brava	Carrier Services	​	United States	​	Alaska Communications, Commnet, Sacred Wind Communications
Managed Services	​	Bermuda, Cayman Islands, US Virgin Islands, Guyana	​	One Communications, Logic, Brava	Managed Services		United States	​	Alaska Communications, Choice

(1) In 2024, the Company completed a rebranding in Guyana, and GTT is now known as “One Communications.” The Company refers to its business in Guyana as “OneGY” throughout this Report. In April 2025, the Company completed a rebranding in the US Virgin Islands and Viya is now known as “One Communications.” The Company refers to its business in the U.S. Virgin Islands as “OneVI” throughout this Report.

Schedule of restructuring and reorganization costs

A summary of the restructuring and reorganization costs is below (in thousands).

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Three months ended September 30, 2025

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International

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​

US

​

​

Corporate and

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​

​

​

​

​

Telecom

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​

Telecom

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​

Other (1)

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​

Consolidated

Employee costs

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$

577

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$

344

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$

229

​

$

1,150

Consulting costs

​

​

—

​

​

—

​

​

840

​

​

840

Total

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$

577

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$

344

​

$

1,069

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$

1,990

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​

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​

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​

​

​

​

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Nine months ended September 30, 2025

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​

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International

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US

​

​

Corporate and

​

​

​

​

​

​

Telecom

​

​

Telecom

​

​

Other (1)

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​

Consolidated

Employee costs

​

$

3,420

​

$

2,805

​

$

772

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$

6,997

Consulting costs

​

​

—

​

​

—

​

​

1,582

​

​

1,582

Other

​

​

48

​

​

30

​

​

70

​

​

148

Total

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$

3,468

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$

2,835

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$

2,424

​

$

8,727

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Tabular disclosure of the operating activities of the Company's principal subsidiaries, the segments in which the Company reports its revenue, and the markets served.

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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