v3.26.1
OTHER INCOME AND EXPENSE
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
OTHER INCOME AND EXPENSE OTHER INCOME AND EXPENSE
Other income (expense), net, consisted of the following (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
MBI option fair value adjustment$(443,960)$(15,270)$(457,800)$(19,940)
Gain on sale of equity investment— — — 3,199 
Gain on debt extinguishments19,861 3,856 29,694 3,856 
Gain on sale of fiber-to-the-tower contract rights(1)
1,003 — 27,638 — 
Loss on fair value adjustment of equity investment(2)
(7,623)— (7,623)— 
Other
(871)42 (539)101 
Other income (expense), net$(431,590)$(11,372)$(408,630)$(12,784)
(1)In March 2026, the Company sold certain fiber-to-the-tower contract rights for cash proceeds of $42.0 million. The transaction resulted in a total gain of $27.6 million. Such contracts generated $9.0 million of business data revenues during 2025.
(2)In May 2026, as a result of the Point-Clearwave Fiber Transaction, the Company adjusted the carrying value of its existing equity interest in Point to its fair value implied by the transaction, recognizing a $7.6 million loss.