Acquisitions (Tables)

6 Months Ended

Jun. 30, 2023

Acquisitions [Abstract]

Schedule of Acquisition Capital Expenditures

	For the three months				For the six months
	ended June 30,				ended June 30,
	2023		2022		2023		2022
	(in thousands)
Acquisitions of towers and related intangible assets (1)	$	8,134	$	78,665	$	19,605	$	286,528
Acquisition of right-of-use assets		1,437		2,220		2,746		2,220
Land buyouts and other assets (2)(3)		10,237		57,512		17,386		64,830
Total cash acquisition capital expenditures	$	19,808	$	138,397	$	39,737	$	353,578

(1)The six months ended June 30, 2022 includes $176.1 million of acquisitions related to the Company’s purchase of sites from Airtel Tanzania.

(2)Excludes $2.7 million spent to extend ground lease terms for the three months ended June 30, 2023 and 2022, and excludes $7.9 million and $6.5 million spent to extend ground lease terms for the six months ended June 30, 2023 and 2022,

respectively. The Company recorded these amounts in prepaid rent within prepaid expenses and other current assets on its Consolidated Balance Sheets.

(3)The three and six months ended June 30, 2022 includes amounts paid related to the acquisition of a data center.