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Goodwill and Intangible Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of Goodwill
Changes in the carrying amount of goodwill occurring during the year ended December 31, 2025 and 2024, are as follows:

(Millions)KineticUniti
Solutions
Fiber
Infrastructure
(a)
Total
Goodwill as of December 31, 2023 and 2024$— $— $672.9 $672.9 
Accumulated impairment charges as of
December 31, 2023 and 2024
— — (515.5)(515.5)
Balance as of December 31, 2023 and 2024— — 157.4 157.4 
Acquisition of Windstream763.7 192.2 45.0 1,000.9 
Balance as of December 31, 2025$763.7 $192.2 $202.4 $1,158.3 
Goodwill as of December 31, 2025$763.7 $192.2 $717.9 $1,673.8 
Accumulated impairment charges as of
December 31, 2025
— — (515.5)(515.5)
Balance as of December 31, 2025$763.7 $192.2 $202.4 $1,158.3 

(a)Prior to the Merger, all goodwill related to the former Uniti Fiber segment. In connection with the Merger, the former Uniti Fiber and Uniti Leasing segments were combined with the CLEC portion of Windstream’s acquired wholesale business and renamed Fiber Infrastructure.
Schedule of Indefinite-Lived Intangible Assets
Indefinite-lived intangible assets were as follows on December 31, 2025:
(Millions)
FCC Spectrum licenses$78.9 
Schedule of Carrying Value of Other Intangible Assets Carrying value of finite-lived intangible assets and liabilities were as follows:
December 31, 2025December 31, 2024
(Millions)
Original
Cost
Accumulated
Amortization
Net Carrying
Value
Original
Cost
Accumulated
Amortization
Net Carrying
Value
Finite-lived intangible assets:
Customer relationships$750.0 $(104.8)$645.2 $— $— $— 
Customer lists416.1 (197.1)219.0 416.1 (174.3)241.8 
IPv4 addresses (a)179.7 (4.4)175.3 — — — 
Trade name115.0 (3.2)111.8 — — — 
Contracts52.5 (34.5)18.0 52.5 (27.9)24.6 
Rights of way48.6 (3.5)45.1 10.5 (1.5)9.0 
Total$1,561.9 $(347.5)$1,214.4 $479.1 $(203.7)$275.4 
Finite-lived intangible liabilities:
Below-market leases$15.2 $(9.9)$5.3 $191.2 $(45.5)$145.7 
(a)Subsequent to August 1, 2025, the Company sold certain unused IPv4 addresses with a net carrying value of $6.7 million for proceeds of $5.0 million payable in cash.
Schedule of Finite-Lived Intangible Assets The amortization methodology and useful lives for finite-lived intangible assets and liabilities were as follows:

Amortization
Methodology
Estimated
Useful Life
Intangible assets:
Customer relationshipssum of years digits
5 years
Customer listsstraight-line
14-30 years
IPv4 addressesstraight-line
17.5 years
Trade namestraight-line
15 years
Contractsstraight-line
8 years
Rights of waystraight-line
9.4 - 30 years
Intangible liabilities:
Below-market leasesstraight-line
8 years
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Amortization expense for intangible assets subject to amortization is estimated to be as follows for each of the years ended December 31:

Year(Millions)
2026$280.7 
2027230.7 
2028179.1 
2029124.1 
203074.2 
Thereafter325.6 
Total$1,214.4 


Below Market Lease, Future Amortization Income Revenue due to the amortization of the below-market leases is estimated to be as follows for each of the years ended December 31:
Year(Millions)
2026$1.9 
20271.9 
20281.5 
Total$5.3