Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

Intangible Assets, Net [Abstract]

Intangible Assets, Net

8.INTANGIBLE ASSETS, NET

The following table provides the gross and net carrying amounts for each major class of intangible assets:

	As of September 30, 2023						As of December 31, 2022
	Gross carrying		Accumulated		Net book		Gross carrying		Accumulated		Net book
	amount		amortization		value		amount		amortization		value
	(in thousands)
Current contract intangibles	$	5,219,410	$	(3,304,831)	$	1,914,579	$	5,170,187	$	(3,060,494)	$	2,109,693
Network location intangibles		1,914,158		(1,305,117)		609,041		1,893,048		(1,226,269)		666,779
Intangible assets, net	$	7,133,568	$	(4,609,948)	$	2,523,620	$	7,063,235	$	(4,286,763)	$	2,776,472

All intangible assets noted above are included in the Company’s site leasing segment. Amortization expense relating to the intangible assets above was $100.4 million for the three months ended September 30, 2023 and 2022, and $303.5 million and $303.0 million for the nine months ended September 30, 2023 and 2022, respectively.