3. DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

On July 9, 2017, we entered into a framework agreement with Slovenia Broadband S.à r.l. (the "Purchaser"), a wholly owned subsidiary of United Group B.V., relating to the sale of our Croatia and Slovenia operations for cash consideration of EUR 230.0 million (approximately US$ 268.1 million at June 30, 2018 rates) (the "Divestment Transaction"), subject to customary working capital adjustments. On March 26, 2018, the Croatian Agency for Electronic Media confirmed the transaction is permissible under Croatian media legislation and on May 7, 2018, the Purchaser received the approval of the Croatian Competition Agency for the Divestment Transaction.

On July 5, 2018 we signed an amended and restated framework agreement (the “Restated Framework Agreement”), which bifurcates the Divestment Transaction into individual transactions for our Croatia operations (the "Croatian Transaction") and our Slovenia operations (the "Slovenian Transaction") and allocates the total cash consideration of EUR 230.0 million (approximately US$ 268.1 million) into (i) cash consideration for closing of the Croatian Transaction of EUR 85.0 million (approximately US$ 99.1 million) and (ii) cash consideration for closing of the Slovenian Transaction of EUR 145.0 million (approximately US$ 169.0 million), each on a cash-free and debt-free basis and each subject to customary working capital adjustments (see Note 22, "Subsequent Events").

On July 18, 2018, the Competition Protection Agency in Slovenia confirmed the closing of the Croatian Transaction was outside the scope of its review. We expect the Croatian Transaction will be completed on or about July 31, 2018, and the Slovenian Transaction to close subject to obtaining the remaining regulatory approvals from the Competition Protection Agency in Slovenia as well as the satisfaction of other customary closing conditions (see Note 22, "Subsequent Events"). If the Restated Framework Agreement is terminated by either party because closing has not occurred as of September 13, 2018 (extended from June 30, 2018), we would receive a termination fee of EUR 7.0 million (approximately US$ 8.2 million) if neither transactions has closed by such date, and approximately EUR 4.4 million (approximately US$ 5.1 million) if the Croatian Transaction has closed but the Slovenian Transaction has not closed by such date, subject to certain exceptions, including if any requisite regulatory approval has not been obtained as a result of the Purchaser being required to make a specified material divestiture as a condition to such regulatory approval.

The carrying amounts of the major classes of assets and liabilities of our discontinued operations that are classified as held for sale in the condensed consolidated balance sheets at June 30, 2018 and December 31, 2017 were:



	June 30, 2018		December 31, 2017
Assets held for sale
Cash and cash equivalents	$	8,222	$	8,784
Accounts receivable, net	40,055		43,540
Program rights, net	60,872		62,017
Property, plant and equipment, net	21,279		22,870
Other assets	12,195		10,945
Total assets held for sale	$	142,623	$	148,156

Liabilities held for sale
Accounts payable and accrued liabilities	$	26,935	$	30,073
Other liabilities	4,648		2,058
Total liabilities held for sale	$	31,583	$	32,131

Income / (loss) from discontinued operations, net of tax, comprised the following for the three and six months ended June 30, 2018 and 2017:



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2018			2017			2018			2017
Net revenues	$	41,568		$	34,961		$	73,382		$	58,231
Cost of revenues	27,221			22,368			48,501			42,226
Selling, general and administrative expenses	5,709			4,923			10,761			9,091
Operating income	8,638			7,670			14,120			6,914
Interest expense ⁽¹⁾	(3,027		)	(4,545		)	(7,234		)	(9,307		)
Other non-operating (expense) / income, net	(56		)	233			280			326
Income / (loss) from discontinued operations, before tax	5,555			3,358			7,166			(2,067		)
Provision for income taxes	(855		)	(825		)	(1,478		)	(692		)
Income / (loss) from discontinued operations, net of tax	$	4,700		$	2,533		$	5,688		$	(2,759	)

⁽¹⁾

For the six months ended June 30, 2018 and 2017, we paid US$ 7.2 million and US$ 8.6 million, respectively, of interest and Guarantee Fees associated with the 2019 Euro Loan and the 2021 Euro Loan (each as defined in Note 5, "Long-term Debt and Other Financing Arrangements"). These payments were allocated to Net cash provided by / (used in) discontinued operations - operating activities in our condensed consolidated statements of cash flows as we are required to apply the expected proceeds from the Divestment Transaction towards the repayment of debt and related obligations.