Acquisitions (Tables)

12 Months Ended

Dec. 31, 2024



	For the year ended December 31,
	2024		2023		2022
Tower acquisitions (number of towers)		186		91		4,790

Schedule of Acquisition Capital Expenditures



	For the year ended December 31,
	2024		2023		2022

		(in thousands)
Acquisitions of towers and related assets⁽¹⁾⁽²⁾	$	243,635	$	86,686	$	1,092,462
Land buyouts and other assets ⁽³⁾⁽⁴⁾		56,176		43,275		83,630
Total cash acquisition capital expenditures	$	299,811	$	129,961	$	1,176,092

(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.

(3)Excludes $24.9 million, $17.6 million, and $17.9 million spent to extend ground lease terms for the years ended December 31, 2024, 2023, and 2022, respectively.

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

Schedule of Acquisition of Towers and Related Asset by Assets Class



	For the year ended December 31,
	2024		2023		2022 ⁽¹⁾

		(in thousands)
Property and equipment, net	$	28,730	$	18,762	$	148,303
Intangible assets, net		217,388		66,616		351,967
Operating lease right-of-use assets, net		28,505		15,863		173,796
Acquired and other right-of-use assets, net		68		3,744		567,303
Acquisition related holdbacks		(5,231)		(2,541)		(24,280)
Long-term lease liabilities		(21,399)		(13,458)		(124,872)
Other (liabilities) assets assumed, net		(4,426)		(2,300)		245
Total acquisitions of towers and related assets	$	243,635	$	86,686	$	1,092,462

(1)These amounts include the purchase price allocation for GTS consisting of $23.8 million of property and equipment, net, $142.2 million of intangible assets, net, $48.8 million of operating lease right-of-use assets, net, $529.3 million of acquired and other right-of-use assets, net, $18.3 million of long-term lease liabilities, and $2.4 million of other net assets assumed.