IMPACT OF HURRICANES IRMA AND MARIA	6 Months Ended
Jun. 30, 2018
IMPACT OF HURRICANES IRMA AND MARIA
IMPACT OF HURRICANES IRMA AND MARIA	5. IMPACT OF HURRICANES IRMA AND MARIA During September 2017, the Company’s operations and customers in the U.S. Virgin Islands were severely impacted by Hurricanes Irma and Maria (collectively, the “Hurricanes”). Both the Company’s wireless and wireline networks and commercial operations were severely damaged by these storms. As a result of the significant damage to the Company’s wireline network and the lack of consistent commercial power in the territory, the Company was unable to provide most of its wireline services, which comprise the majority of revenue in this business, since the Hurricanes and through much of the first six months of 2018. Accordingly, revenue generated by the Company’s U.S. Virgin Islands operations decreased by $3.0 million and $16.2 million during the three and six months ended June 30, 2018 as compared to 2017 as a result of the Hurricanes and an additional $1.2 and $2.3 million for the three and six months ended June 30, 2018 as a result of the Company’s August 2017 sale of its operations in the British Virgin Islands. However, the second quarter of 2018 was positively impacted by the recognition of $8.2 million in revenue funded the additional receipt of high-cost Universal Service Funds. During the six months ended June 30, 2018, the Company spent $66.7 million restoring and adding resiliency to its network which allowed it to reconnect roughly two-thirds of the households and three-quarters of businesses as of period end. The Company expects that its network restoration work will be substantially complete by the end of the third quarter of 2018. However, returning the Company’s revenue to pre-Hurricane levels may take significant time as a result of population movements, the economic impact the Hurricanes had on the market, and it’s subscriber base’s appetite for continued wireline services.

5. IMPACT OF HURRICANES IRMA AND MARIA

During September 2017, the Company’s operations and customers in the U.S. Virgin Islands were severely impacted by Hurricanes Irma and Maria (collectively, the “Hurricanes”). Both the Company’s wireless and wireline networks and commercial operations were severely damaged by these storms. As a result of the significant damage to the Company’s wireline network and the lack of consistent commercial power in the territory, the Company was unable to provide most of its wireline services, which comprise the majority of revenue in this business, since the Hurricanes and through much of the first six months of 2018. Accordingly, revenue generated by the Company’s U.S. Virgin Islands operations decreased by $3.0 million and $16.2 million during the three and six months ended June 30, 2018 as compared to 2017 as a result of the Hurricanes and an additional $1.2 and $2.3 million for the three and six months ended June 30, 2018 as a result of the Company’s August 2017 sale of its operations in the British Virgin Islands. However, the second quarter of 2018 was positively impacted by the recognition of $8.2 million in revenue funded the additional receipt of high-cost Universal Service Funds.

During the six months ended June 30, 2018, the Company spent $66.7 million restoring and adding resiliency to its network which allowed it to reconnect roughly two-thirds of the households and three-quarters of businesses as of period end. The Company expects that its network restoration work will be substantially complete by the end of the third quarter of 2018. However, returning the Company’s revenue to pre-Hurricane levels may take significant time as a result of population movements, the economic impact the Hurricanes had on the market, and it’s subscriber base’s appetite for continued wireline services.