Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

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 software	1,654		2,041
Capitalized internal use software	64,155		60,233
Furniture and equipment	1,465		1,662
Vehicles and tools	4,863		5,010
Fiber network (1)	273,429		272,713
Customer equipment and installations	32,215		28,010
Land	1,109		1,109
Buildings	9,314		9,389
Assets under construction	6,152		8,246
Leasehold improvements	428		428
	421,183		415,506
Less:
Accumulated depreciation	152,800		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).

Schedule of depreciation, property and equipment

Depreciation of property and equipment (Dollar amounts in thousands of U.S. dollars):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Depreciation of property and equipment	$	10,341	$	10,539	$	20,212	$	20,999