Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Selected financial data for the Company’s business segment information is as follows:

	Successor			Successor			Predecessor			Successor			Successor			Predecessor
(dollars in millions)	Three Months Ended September 30, 2022			September 8, 2021 to September 30, 2021			July 1, 2021 to September 7, 2021			Nine Months Ended September 30, 2022			September 8, 2021 to September 30, 2021			January 1, 2021 to September 7, 2021
Revenue
Network	$	251.1		$	61.7		$	180.4		$	741.6		$	61.7		$	664.2
IT Services and Hardware		217.8			52.0			138.7			615.6			52.0			492.4
Intersegment		(6.8	)		(2.3	)		(4.5	)		(19.8	)		(2.3	)		(17.9	)
Total revenue	$	462.1		$	111.4		$	314.6		$	1,337.4		$	111.4		$	1,138.7
Intersegment revenue
Network	$	4.8		$	1.6		$	3.4		$	14.5		$	1.6		$	13.1
IT Services and Hardware		2.0			0.7			1.1			5.3			0.7			4.8
Total intersegment revenue	$	6.8		$	2.3		$	4.5		$	19.8		$	2.3		$	17.9
Operating (loss) income
Network	$	(27.2	)	$	(2.3	)	$	18.9		$	(49.2	)	$	(2.3	)	$	78.3
IT Services and Hardware		(0.7	)		1.7			9.0			(10.7	)		1.7			25.2
Corporate		(8.8	)		(0.8	)		(63.2	)		(24.2	)		(0.8	)		(75.8	)
Total operating (loss) income	$	(36.7	)	$	(1.4	)	$	(35.3	)	$	(84.1	)	$	(1.4	)	$	27.7
Expenditures for long-lived assets*
Network	$	131.7		$	33.4		$	92.0		$	384.3		$	33.4		$	199.8
IT Services and Hardware		9.3			3.3			4.0			22.7			3.3			15.9
Corporate		0.1			1,620.7			—			0.1			1,620.7			—
Total expenditures for long-lived assets	$	141.1		$	1,657.4		$	96.0		$	407.1		$	1,657.4		$	215.7
Depreciation and amortization
Network	$	104.7		$	24.3		$	44.5		$	301.5		$	24.3		$	166.9
IT Services and Hardware		26.8			5.8			7.6			79.4			5.8			27.9
Corporate		—			0.1			—			0.2			0.1			0.1
Total depreciation and amortization	$	131.5		$	30.2		$	52.1		$	381.1		$	30.2		$	194.9

*Includes cost of acquisitions