DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS (Tables)

12 Months Ended

Dec. 31, 2015

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS

Schedule of gain on sale of operations

As a result of that approval, the Company completed the sale of certain U.S. retail wireless assets on that date and recorded a gain in 2013 of approximately $307.1million calculated as follows (in thousands):

Proceeds:
Received		$	702,000
Escrowed			78,000
Working capital			16,828
Adjusted proceeds			796,828
Less: Net assets sold or impaired:
Assets sold or impaired:
Current assets	51,597
Property, plant and equipment, net	190,970
Telecommunications licenses	50,553
Other intangible assets	37,434
Other assets	13,202
Liabilities sold:
Current liabilities	(40,674)
Other liabilities	(22,796)
Net assets sold or impaired			280,286
Less: Transaction related costs			(13,517)
Pre-tax gain			503,025
Less: Income taxes at effective rate			195,923
Net gain on sale		$	307,102

Schedule of revenues and income from discontinued operations

Revenues and income from discontinued operations related to the Alltel business for the years ended December 31, 2013 was as follows (in thousands):

	Year Ended December 31,
	2013
Revenue from discontinued operations	$	299,519
Income from discontinued operations, net of tax expense of $2,512		5,166