Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023



	For the year ended December 31,
	2023		2022		2021
Tower acquisitions (number of towers)		91		4,790		991

Schedule of Acquisition Capital Expenditures



	For the year ended December 31,
	2023		2022		2021

		(in thousands)
Acquisitions of towers and related intangible assets^(1)(2)(3)	$	81,614	$	489,888	$	274,752
Acquisition of right-of-use assets ⁽²⁾⁽⁴⁾		5,072		602,574		950,536
Land buyouts and other assets ⁽⁵⁾⁽⁶⁾		43,275		83,630		32,416
Total cash acquisition capital expenditures	$	129,961	$	1,176,092	$	1,257,704

(1)During the year ended December 31, 2022, the Company closed on 1,445 sites from Airtel Tanzania for $176.1 million.

(2)During the year ended December 31, 2022, the Company acquired 2,632 sites from GTS in Brazil for $728.2 million, net of working capital adjustments, of which $168.5 million is included in acquisitions of towers and related intangible assets and $559.8 million is included in acquisition of right of use assets.

(3)The year ended December 31, 2021 includes $77.1 million of acquisitions completed during the fourth quarter of 2020 which were not funded until the first quarter of 2021.

(4)During the year ended December 31, 2021, the Company acquired the exclusive right to lease and operate utility transmission structures, which included existing wireless tenant licenses from PG&E for $950.5 million, net of working capital adjustments.

(5)Excludes $17.6 million, $17.9 million, and $16.3 million spent to extend ground lease terms for the years ended December 31, 2023, 2022, and 2021, respectively.

(6)The year ended December 31, 2022 includes amounts paid related to the acquisitions of a data center.