Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of allocation of total purchase consideration

A summary of the allocation of total purchase consideration is presented as follows (in thousands):

	GPX India		Entel Chile		MainOne
	Final		Provisional
Cash and cash equivalents	$	9,406	$	—	$	33,026
Accounts receivable	4,399		—		9,431
Other current assets	8,883		12,424		22,634
Property, plant and equipment	88,130		81,132		237,988
Operating lease right-of-use assets	62		—		—
Intangible assets	15,408		153,489		54,800
Goodwill	77,145		380,867		117,529
Deferred tax and other assets	20		12,090		4,060
Total assets acquired	203,453		640,002		479,468
Accounts payable and accrued liabilities	(1,566)		(195)		(19,790)
Other current liabilities (1)	(478)		—		(13,061)
Operating lease liabilities	(62)		—		—
Finance lease liabilities	(20,565)		—		—
Mortgage and loans payable	—		—		(25,944)
Deferred tax and other liabilities (1)	(10,317)		(1,463)		(142,323)
Net assets acquired	$	170,465	$	638,344	$	278,350

(1)For the MainOne Acquisition, other current liabilities includes $9.9 million of deferred revenue - current and the other liabilities includes $95.4 million of deferred revenue - non-current.

Schedule of acquired intangible assets

The following table presents certain information on the acquired intangible assets (in thousands):

Intangible Assets	Fair Value		Estimated Useful Lives (Years)	Weighted-average Estimated Useful Lives (Years)	Discount Rate
GPX India:
Customer relationships (1)	$	15,408	15.0	15.0	11.0	%
Entel Chile:
Customer relationships (1)	153,489		12.0 - 15.0	14.0	8.5% - 9.5%
MainOne:
Customer relationships (1)	51,500		10.0 - 15.0	14.0	11.5	%
Trade names (2)	3,300		5.0	5.0	11.5	%

(1)The fair value was estimated by calculating the present value of estimated future operating cash flows generated from existing customers less costs to realize the revenue. The rates reflect the nature of the assets as they relate to the risk and uncertainty of the estimated future operating cash flows, as well as the risk of the country within which the acquired business operates.

(2)The fair value of the MainOne trade name was estimated using the relief from royalty method under the income approach. We applied a relief from royalty rate of 1.0%.