Intangible Assets, Net

3 Months Ended

Mar. 31, 2025

Intangible Assets, Net [Abstract]

Intangible Assets, Net

8.INTANGIBLE ASSETS, NET

The following table provides the gross and net carrying amounts for each major class of intangible assets:

	As of March 31, 2025						As of December 31, 2024
	Gross carrying		Accumulated		Net book		Gross carrying		Accumulated		Net book
	amount		amortization		value		amount		amortization		value
	(in thousands)
Current contract intangibles	$	5,211,513	$	(3,376,899)	$	1,834,614	$	5,164,263	$	(3,338,705)	$	1,825,558
Network location intangibles		1,913,200		(1,344,768)		568,432		1,896,754		(1,333,605)		563,149
Intangible assets, net	$	7,124,713	$	(4,721,667)	$	2,403,046	$	7,061,017	$	(4,672,310)	$	2,388,707

All intangible assets noted above are included in the Company’s site leasing segment. Amortization expense relating to the intangible assets above was $26.8 million and $27.1 million for the three months ended March 31, 2025 and 2024, respectively.