SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2026

SEGMENT REPORTING

Schedule of information for each operating segment

The following tables provide information for each operating segment (in thousands):


For the Three Months Ended March 31, 2026

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	5,176		$	—		$	—		$	5,176
Mobility - Consumer			21,183			—			—			21,183
Total Mobility			26,359			—			—			26,359
Fixed - Business			18,747			29,927			—			48,674
Fixed - Consumer			41,840			22,154			—			63,994
Total Fixed			60,587			52,081			—			112,668
Carrier Services			4,197			31,889			—			36,086
Other			3,194			151			—			3,345
Total Communication Services Revenue			94,337			84,121			—			178,458
Construction			—			—			—			—
Other
Managed Services			1,721			2,040			—			3,761
Total other revenue			1,721			2,040			—			3,761
Total Revenue			96,058			86,161			—			182,219

Operating Expenses
Cost of communication services and other			33,629			43,797			—			77,426
Selling, general and administrative			28,141			22,872			5,163			56,176
Stock-based compensation			127			28			1,780			1,935
Transaction-related charges			—			17			816			833
Restructuring and reorganization expenses			745			191			789			1,725
Depreciation and amortization			13,574			16,858			724			31,156
Amortization of intangibles from acquisitions			241			255			—			496
Loss on disposition of assets, transfers and contingent consideration			378			404			—			782
Total Operating Expenses			76,835			84,422			9,272			170,529
Income (loss) from operations			19,223			1,739			(9,272)			11,690
Other expense
Interest income												132
Interest expense												(10,478)
Other expense												(3,232)
Other expense												(13,578)
Loss before income taxes												(1,888)

Other segment disclosures:
		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Net (income) loss attributable to non-controlling interests			(2,606)			3,283			—			677

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments and have been presented for reconciliation purposes to consolidated amounts.


For the Three Months Ended March 31, 2025

		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
Revenue
Communication Services
Mobility - Business		$	4,849		$	39		$	—		$	4,888
Mobility - Consumer			21,192			—			—			21,192
Total Mobility			26,041			39			—			26,080
Fixed - Business			18,493			29,244			—			47,737
Fixed - Consumer			42,872			22,415			—			65,287
Total Fixed			61,365			51,659			—			113,024
Carrier Services			3,904			29,227			—			33,131
Other			1,740			56			—			1,796
Total Communication Services Revenue			93,050			80,981			—			174,031
Construction			—			1,046			—			1,046
Other
Managed Services			1,446			2,771			—			4,217
Total Other Revenue			1,446			2,771			—			4,217
Total Revenue			94,496			84,798			—			179,294

Operating Expenses
Cost of communication services and other			34,963			43,261			—			78,224
Cost of construction revenue			—			1,501			—			1,501
Selling, general and administrative			27,143			22,521			5,564			55,228
Stock-based compensation			215			78			1,612			1,905
Transaction-related charges			—			—			1,436			1,436
Restructuring and reorganization expenses			1,506			134			190			1,830
Depreciation and amortization			15,377			18,284			866			34,527
Amortization of intangibles from acquisitions			251			975			—			1,226
(Gain) loss on disposition of assets, transfers and contingent consideration			291			459			—			750
Total Operating Expenses			79,746			87,213			9,668			176,627
Income (loss) from operations			14,750			(2,415)			(9,668)			2,667
Other expense
Interest income												272
Interest expense												(11,950)
Other expense												(2,568)
Other expense												(14,246)
Loss before income taxes												(11,579)

Other segment disclosures:
		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated

Net (income) loss attributable to non-controlling interests			(1,474)			3,933			—			2,459

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments and have been presented for reconciliation purposes to consolidated amounts.

Schedule of selected balance sheet data for each segment

Selected balance sheet data for each of the Company’s segments as of March 31, 2026 and December 31, 2025 consists of the following (in thousands):


		International			US			Corporate and
		Telecom			Telecom			Other (1)			Consolidated
March 31, 2026
Cash, cash equivalents, and restricted cash		$	90,904		$	32,110		$	476		$	123,490
Total current assets			179,405			136,978			18,742			335,125
Fixed assets, net			444,678			503,235			6,910			954,823
Goodwill			4,835			—			—			4,835
Total assets			707,281			878,236			89,136			1,674,653
Total current liabilities			109,039			120,212			47,644			276,895
Total debt, including current portion			61,943			335,621			172,596			570,160
December 31, 2025
Cash, cash equivalents, and restricted cash		$	79,165		$	35,915		$	2,074		$	117,154
Total current assets			165,341			141,592			20,943			327,876
Fixed assets, net			451,303			533,443			7,021			991,767
Goodwill			4,835			—			—			4,835
Total assets			701,579			881,968			89,707			1,673,254
Total current liabilities			97,305			120,637			45,157			263,099
Total debt, including current portion			59,952			329,034			176,181			565,167

Schedule of segment capital expenditures

The following notes the Company’s capital expenditures, by operating segment, for these periods (in thousands).


		Capital Expenditures

			International			US			Corporate and
Three months ended March 31,			Telecom			Telecom			Other (1)			Consolidated
2026		$	8,261		$	26,284		$	—		$	34,545
2025			10,803			32,472			2			43,277

(1)

Corporate and other items refer to corporate overhead costs and consolidating adjustments and have been presented for reconciliation purposes to consolidated amounts.