Note 7 Investments in Unconsolidated Entities

Investments in unconsolidated entities consist of amounts invested in wireless and wireline entities in which TDS holds a noncontrolling interest. These investments are accounted for using either the equity or cost method.

The following table, which is based in part on information provided by third parties, summarizes the combined results of operations of TDS’ equity method investments.

	Three Months Ended March 31,
	2017		2016
(Dollars in millions)
Revenues	$	1,615	$	1,688
Operating expenses		1,217		1,236
Operating income		398		452
Other expense, net		–		(4)
Net income	$	398	$	448