SEGMENT REPORTING

6 Months Ended

Jun. 30, 2023

SEGMENT REPORTING

SEGMENT REPORTING

13. SEGMENT REPORTING

The Company has the following two reportable and operating segments: i) International Telecom and ii) US Telecom.

The following tables provide information for each operating segment (in thousands):

For the Three Months Ended June 30, 2023
	International		US		Corporate and
	Telecom		Telecom		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	3,507	$	114	$	—	$	3,621
Mobility - Consumer		23,349		863		—		24,212
Total Mobility		26,856		977		—		27,833
Fixed - Business		17,214		35,495		—		52,709
Fixed - Consumer		42,459		22,608		—		65,067
Total Fixed		59,673		58,103		—		117,776
Carrier Services		3,879		31,576		—		35,455
Other		448		64		—		512
Total Communication Services Revenue		90,856		90,720		—		181,576
Construction		—		1,020		—		1,020
Other
Managed Services		1,125		2,720		—		3,845
Total other revenue		1,125		2,720		—		3,845
Total Revenue		91,981		94,460		—		186,441
Depreciation and amortization		14,106		21,430		681		36,217
Amortization of intangibles from acquisitions		364		2,780		—		3,144
Non-cash stock-based compensation		109		9		2,621		2,739
Operating income (loss)		14,552		(2,394)		(9,718)		2,440

For the Three Months Ended June 30, 2022
	International		US		Corporate and
	Telecom		Telecom		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	3,675	$	301	$	—	$	3,976
Mobility - Consumer		21,279		1,549		—		22,828
Total Mobility		24,954		1,850		—		26,804
Fixed - Business		16,996		31,866		—		48,862
Fixed - Consumer		41,353		19,166		—		60,519
Total Fixed		58,349		51,032		—		109,381
Carrier Services		3,421		31,753		—		35,174
Other		436		—		—		436
Total Communication Services Revenue		87,160		84,635		—		171,795
Construction		—		3,297		—		3,297
Other
Managed Services		1,246		3,159		—		4,405
Total Other Revenue		1,246		3,159		—		4,405
Total Revenue		88,406		91,091		—		179,497
Depreciation		15,074		17,763		980		33,817
Amortization of intangibles from acquisitions		394		2,856		—		3,250
Non-cash stock-based compensation		56		79		2,433		2,568
Operating income (loss)		11,646		(281)		(9,643)		1,722

For the Six Months Ended June 30, 2023
	International		US		Corporate and
	Telecom		Telecom		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	7,083	$	286	$	—	$	7,369
Mobility - Consumer		45,880		1,850		—		47,730
Total Mobility		52,963		2,136		—		55,099
Fixed - Business		34,327		71,814		—		106,141
Fixed - Consumer		84,236		45,190		—		129,426
Total Fixed		118,563		117,004		—		235,567
Carrier Services		7,570		63,660		—		71,230
Other		848		139		—		987
Total Communication Services Revenue		179,944		182,939		—		362,883
Construction		—		1,610		—		1,610
Other
Managed Services		2,445		5,276		—		7,721
Total Other Revenue		2,445		5,276		—		7,721
Total Revenue		182,389		189,825		—		372,214
Depreciation		28,292		42,917		1,412		72,621
Amortization of intangibles from acquisitions		744		5,647		—		6,391
Non-cash stock-based compensation		176		86		4,255		4,517
Operating income (loss)		28,377		(6,737)		(18,566)		3,074

For the Six Months Ended June 30, 2022
	International		US		Corporate and
	Telecom		Telecom		Other (1)		Consolidated
Revenue
Communication Services
Mobility - Business	$	7,291	$	674	$	—	$	7,965
Mobility - Consumer		41,249		3,006		—		44,255
Total Mobility		48,540		3,680		—		52,220
Fixed - Business		34,250		59,011		—		93,261
Fixed - Consumer		82,446		38,136		—		120,582
Total Fixed		116,696		97,147		—		213,843
Carrier Services		6,823		64,742		—		71,565
Other		710		—		—		710
Total Communication Services Revenue		172,769		165,569		—		338,338
Construction		—		5,283		—		5,283
Other
Managed Services		2,422		5,474		—		7,896
Total other revenue		2,422		5,474		—		7,896
Total Revenue		175,191		176,326		—		351,517
Depreciation and amortization		28,971		36,205		1,933		67,109
Amortization of intangibles from acquisitions		812		5,696		—		6,508
Non-cash stock-based compensation		116		169		3,743		4,028
Operating income (loss)		23,450		(4,914)		(16,703)		1,833

Selected balance sheet data for each of the Company’s segments as of June 30, 2023 and December 31, 2022 consists of the following (in thousands):

	International		US		Corporate and
	Telecom		Telecom		Other (1)		Consolidated
June 30, 2023
Cash, cash equivalents, and restricted cash	$	33,332	$	25,433	$	8,457	$	67,222
Total current assets		116,153		121,908		10,035		248,096
Fixed assets, net		472,548		584,833		6,083		1,063,464
Goodwill		4,835		35,269		—		40,104
Total assets		668,185		975,997		85,787		1,729,969
Total current liabilities		88,950		123,616		28,276		240,842
Total debt		63,478		327,120		138,000		528,598
December 31, 2022
Cash, cash equivalents, and restricted cash	$	26,418	$	26,375	$	6,935	$	59,728
Total current assets		105,324		116,038		8,326		229,688
Fixed assets, net		462,447		585,969		7,538		1,055,954
Goodwill		4,835		35,269		—		40,104
Total assets		643,664		980,543		83,662		1,707,869
Total current liabilities		86,738		119,755		26,687		233,180
Total debt		59,659		308,589		99,000		467,248

	Capital Expenditures
		International		US		Corporate and
Six months ended June 30,		Telecom		Telecom		Other (1)		Consolidated
2023	$	38,906	$	57,531	$	—	$	96,437
2022		33,870		40,804		424		75,098

(1) Corporate and other items refer to corporate overhead costs and consolidating adjustments