Acquisitions (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Allocation of Total Purchase Consideration

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

	Entel Chile		Entel Peru		MainOne
Cash and cash equivalents	$	—	$	—	$	33
Accounts receivable	—		—		9
Other current assets	12		—		22
Property, plant and equipment	81		13		239
Intangible assets	153		10		55
Goodwill	381		46		111
Deferred tax and other assets	12		11		6
Total assets acquired	639		80		475
Accounts payable and accrued liabilities	—		—		(19)
Other current liabilities (1)	—		—		(13)
Mortgage and loans payable	—		—		(26)
Deferred tax and other liabilities (1)	(1)		—		(139)
Net assets acquired	$	638	$	80	$	278

(1)For the MainOne Acquisition, other current liabilities includes $10 million of deferred revenue, current and deferred tax and other liabilities includes $95 million of deferred revenue, non-current.

Schedule of Acquired Intangible Assets

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

Intangible Assets	Fair Value		Estimated Useful Lives (Years)	Weighted-average Estimated Useful Lives (Years)	Discount Rate
Entel Chile:
Customer relationships (1)	$	153	12.0 - 15.0	14.0	8.5% - 9.5%
Entel Peru:
Customer relationships (1)	10		15.0	15.0	7.0	%
MainOne:
Customer relationships (1)	52		10.0 - 15.0	14.0	11.5	%
Trade names (2)	3		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%.