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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events  
Subsequent Events

13.Subsequent Events

On November 5, 2023, we entered into an Asset Purchase Agreement, License Purchase Agreement, and other ancillary transaction agreements with Liberty Latin America (“Liberty”) and its affiliate providing for the sale of certain of our wireless assets in Puerto Rico and the US Virgin Islands (the “Transaction”). The consideration also includes a right for us to receive preferential international roaming rates and credits within Liberty’s footprint.

The transaction has been approved by the FCC and DOJ and is expected to close in the third quarter of 2024. We will receive payments totaling $256 million over a three year period, including a $99 million upfront payment.