v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following (Dollar amounts in thousands of U.S. dollars):
June 30,
2026		December 31,
2025
Computer equipment$26,399 $26,665 
Computer software1,654 2,041 
Capitalized internal use software64,155 60,233 
Furniture and equipment1,465 1,662 
Vehicles and tools4,863 5,010 
Fiber network (1)
273,429 272,713 
Customer equipment and installations32,215 28,010 
Land1,109 1,109 
Buildings9,314 9,389 
Assets under construction6,152 8,246 
Leasehold improvements428 428 
421,183 415,506 
Less:
Accumulated depreciation152,800 133,551 
$268,383 $281,955 
(1) Fiber network is presented net of $0.2 million of government grants ($0.1 million as of December 31, 2025), with an impact of $0.1 million on accumulated depreciation ($0.1 million as of December 31, 2025).
Depreciation of property and equipment (Dollar amounts in thousands of U.S. dollars):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Depreciation of property and equipment$10,341 $10,539 $20,212 $20,999 
Impairment of Property and Equipment
During the three months ended June 30, 2026 and June 30, 2025, the Company recognized a total impairment expense of $0.3 million and $0.4 million, respectively, related to specific network assets that were identified through routine inspections as being damaged and no longer in use and are recorded under "Network, other costs" in the Consolidated Statements of Operations and Comprehensive Loss.
During the six months ended June 30, 2026 and June 30, 2025, the Company recognized a total impairment expense of $0.6 million and $0.6 million, respectively, related to specific network assets that were identified through routine inspections as being damaged and no longer in use and are recorded under "Network, other costs" in the Consolidated Statements of Operations and Comprehensive Loss.