Appraisal of Fiber Optic Network
In March 2021, Micor conducted a Fair Value Appraisal of fixed assets of an information and communication provider (ICT). Assets included more than 1400 miles of lashed and buried, fiber/copper OSP cable, utility poles, as well as construction, testing, and specialty vehicles to install and maintain the cable. Other assets valued included FTTH and network equipment from Calix, Corning, OCCAM, Tellabs, and the value of static IP addresses.
Due diligence on the assets’ specifications, market issues, competition, useful and service life, replacement, support, and service from the manufacturer were also performed. These were used to provide an opinion of Fair Value for the allocation of purchase price in a business combination (ASC 805).