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Subsequent Events
6 Months Ended
Jun. 30, 2011
Subsequent Events  
Subsequent Events

(17) SUBSEQUENT EVENTS

On June 2, 2011, the Company announced an agreement for the sale of its holdings in the Cellular Partnerships (See Note 5 for information regarding the Cellular Partnerships) to AT&T. Convergys owns limited partnership interests of 33.8% of the Cincinnati SMSA Limited Partnership and 45% in the Cincinnati SMSA Tower Holdings LLC. AT&T is the general partner and a limited partner of both Cincinnati SMSA Limited Partnership and Cincinnati SMSA Tower Holdings LLC with a partnership interest of approximately 66% and 53%, respectively. The sale closed on July 1, 2011, and the Company received approximately $320 in cash proceeds. The Company will also receive the regular quarterly distributions from the Cellular Partnerships for the second quarter of 2011 in the third quarter of 2011. The Company expects a net gain on the sale of its interests in the Cellular Partnerships of approximately $264, or $170 net of tax.