
	Successor
(dollars in millions)	IT Services and Hardware		Network		Total Company
Goodwill, balance as of September 8, 2021 (remeasured upon merger)	$	—	$	—	$	—
Activity during the year
Merger		157.4		488.9		646.3
Goodwill, balance as of December 31, 2021	$	157.4	$	488.9	$	646.3


	Predecessor
(dollars in millions)	IT Services and Hardware		Network		Total Company
Goodwill, balance as of December 31, 2019	$	148.1	$	12.4	$	160.5
Activity during the year
Currency translations		1.0		—		1.0
Goodwill, balance as of December 31, 2020		149.1		12.4		161.5
Activity during the year
Currency translations		0.7		—		0.7
Goodwill, balance as of September 7, 2021	$	149.8	$	12.4	$	162.2

As mentioned in Note 4, in connection with the Merger, the Company’s assets and liabilities were measured at fair value as of the date of the Merger. The allocation of goodwill to our Network reporting unit and IT Services and Hardware reporting unit is preliminary as of the date of this filing.

No impairment losses were recognized in goodwill for the Successor and Predecessor periods in 2021 and the years ended December 31, 2020 and 2019. During the annual review performed in the fourth quarter of 2021, we completed a Step 0 or Qualitative assessment and determined it was more likely than not that the fair value of our reporting units exceeded their carrying amounts, including goodwill and, therefore, goodwill was not impaired.

	Successor							Predecessor
	December 31, 2021							December 31, 2020
	Gross							Gross
	Carrying		Accumulated			Net		Carrying		Accumulated			Net
(dollars in millions)	Amount		Amortization			Amount		Amount		Amortization			Amount
Intangible assets subject to amortization
Customer relationships	$	850.0	$	(36.2	)	$	813.8	$	141.6	$	(38.9	)	$	102.7
Trade names		108.0		(5.0	)		103.0		41.7		(9.4	)		32.3
Technology		5.0		(0.2	)		4.8		9.9		(3.2	)		6.7
Total		963.0		(41.4	)		921.6		193.2		(51.5	)		141.7
Intangible assets not subject to amortization
FCC licenses and spectrum usage rights		6.7		—			6.7		6.4		—			6.4
Total intangible assets	$	969.7	$	(41.4	)	$	928.3	$	199.6	$	(51.5	)	$	148.1

In connection with the Merger, the company recorded $963.0 million of finite-lived intangible assets and $6.6 million of indefinite-lived intangible assets representing the fair values at the Merger Date. See Note 4 for additional information regarding the Merger. The finite-lived intangible assets are amortized over their useful lives based on a number of assumptions including the estimated period of economic benefit and utilization.

During the third quarter of 2020, the Company participated in Auction 105 conducted by the FCC for Priority Access Licenses of the Citizens Band Radio Service Spectrum (“CBRS”). The Company was the winning bidder of 56 wireless spectrum licenses in 17 Greater Cincinnati, Dayton and Hawaiian counties that allow the Company to further expand broadband coverage across its operating footprint. The licenses were transferred to the Company in the fourth quarter of 2020. The Company elected to perform a qualitative impairment assessment in the fourth quarter of 2021 and concluded that the CBRS priority access licenses are not impaired.

The Company’s finite-lived intangible assets recorded in the Predecessor period were established in connection with completed acquisitions. They were amortized over their useful lives based on a number of assumptions including the estimated period of economic benefit and utilization.

The amortization expense for finite-lived intangible assets was $41.4 million and $9.9 million in the Successor and Predecessor periods of 2021, respectively, and $14.4 million and $14.7 million in 2020 and 2019, respectively. No impairment losses were recognized on intangible assets for the Successor and Predecessor periods in 2021 and the years ended December 31, 2020 and 2019.

The estimated useful lives for each finite-lived intangible asset class are as follows: