SUBSEQUENT EVENT

6 Months Ended

Jun. 30, 2016

SUBSEQUENT EVENT

SUBSEQUENT EVENT

14. SUBSEQUENT EVENTS

See Note 4 for a discussion of the Innovative Transaction.

On August 8, 2016, the Company announced that it had entered into an agreement to sell its U.S. Wireline business in the Northeast, including its integrated voice and data operations in New England, and its wholesale transport operations in New York.  Following the completion of the sale, the Company will retain its wholesale long-distance business in its “U.S. Telecom” segment.  The transaction is expected to close early 2017, following the satisfaction of customary regulatory approvals.