Acquisitions (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocation of Total Purchase Consideration

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

	Entel Chile		Entel Peru		MainOne
Cash and cash equivalents	$	—	$	—	$	33,026
Accounts receivable	—		—		9,431
Other current assets	12,424		—		21,988
Property, plant and equipment	81,132		13,423		239,583
Intangible assets	153,489		10,000		54,800
Goodwill	380,867		46,285		110,665
Deferred tax and other assets	12,090		10,801		5,879
Total assets acquired	640,002		80,509		475,372
Accounts payable and accrued liabilities	(195)		—		(18,525)
Other current liabilities (1)	—		—		(13,061)
Mortgage and loans payable	—		—		(25,944)
Deferred tax and other liabilities (1)	(1,463)		(167)		(139,492)
Net assets acquired	$	638,344	$	80,342	$	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
Entel Chile:
Customer relationships (1)	$	153,489	12.0 - 15.0	14.0	8.5% - 9.5%
Entel Peru:
Customer relationships (1)	10,000		15.0	15.0	7.0	%
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 and/or by using benchmarking. 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%.