For more information, please visit www.shentel.com. The final and binding appraisal process was completed on February 1, 2021. Competition is also intense and growing in the market for video services. California's legislation has been challenged in court. As the Internet has matured, it has become the subject of increasing regulatory interest. The adoption of new Internet regulations or policies could adversely affect our business. States, however, are free to regulate such utilities and some do. Regulation of Intercarrier Compensation. Spectrum licenses are granted for ten-year terms. Construction and Operation of Wireless Facilities. We cannot predict the outcome of these proceedings or the effect they may have on us. We are currently in compliance with LNP requirements. He is responsible for the overall leadership and strategic direction of the Company. He joined Shentel in June 2019. Mr. Stobbe is Vice President and Chief Accounting Officer at Shentel. Many of our competitors are larger than we are and possess greater resources than we do. This increase was due to 10.1% increase in tenants and 2.5% increase in the lease rate. These integrated networks are connected by a fiber network. All of these operations are contained within our Broadband reporting segment. Generally, such investments are in excess of FDIC or SIPC insurance limits. These assets are evaluated for impairment based on the identification of asset groups. Our asset groups align with our reporting segments. We evaluated our asset groups for impairment during the fourth quarter of 2020. The Company\'s Credit Agreement and interest rate swaps have LIBOR as a reference rate. The Company and ValleyNet purchase capacity on one another's fiber network. We remitted $4.4 million of operating lease payments during 2020. Substantially all of our lease revenue relates to fixed lease payments. As a result, it is uncertain whether LIBOR will continue to be quoted after 2021. +R_P#Q- \'245S?_"P?#\'_03_\\ )7_ .)H_P"%@^&/^@G_ .2\\O_Q- M \'245S?_ DO+_P#$T =)17-_\\+!\\,?\\ 03_\\EY?_ ( L\'PQ_T$_\\ MR7E_^)H_X6#X8_Z"?_DO+_\\ $T =)17-_P#"P?#\'_03_ /)7_XFC_A8/AC_ M *"?_ 1110 5S?_-4_^X-_[7KI*YO_ )JG_P!P;_VO0!TE%%% ! 1110 5Q/PO_ .0=XC_[&;4__2AJ[:N)^%__ "#O$?\\ V,VI_P#I M0U \';4444 %%%% ! \'F\'BK38]!US7K_7O#[ZGH=THCM=?TCY[O046((8]@(:.),. There was no significant impact to consolidated financial statements upon adoption. & Property, plant and equipment is stated at cost less accumulated depreciation.
