Asset Sales	6 Months Ended
Jun. 30, 2019
Asset Sales
Asset Sales	Note 5. Asset Sales Sale of Chicago Fiber Network On August 1, 2017, the Company entered into a definitive agreement to sell a portion of its fiber network in the Company’s Chicago market to a subsidiary of Verizon for $225.0 million in cash. On December 14, 2017, the Company finalized the sale by entering into an Asset Purchase Agreement (“APA”) with a subsidiary of Verizon. In addition to the APA, the Company and a subsidiary of Verizon entered into a Construction Services Agreement pursuant to which the Company agreed to complete the build-out of the network in exchange for $50.0 million, which represented the estimated remaining build-out costs to complete the network. The $50.0 million is recognized over time as such network elements are completed and accepted. The Company substantially completed the network build-out as of June 30, 2019. As a result of entering into the Construction Services Agreement, the Company concluded that the assets and liabilities associated with the build-out of the network met the criteria to be classified as held for sale. As of June 30, 2019, the Chicago fiber network has $15.0 million in total assets held for sale that are included in the Company’s condensed consolidated balance sheet which represents the amount the Company has spent on construction subsequent to the closing of the APA, less the costs of sites completed. As the construction is substantially complete, the remaining assets will be sold when accepted. The Company recognized a $3.2 million gain on sale of assets resulting from the completion and acceptance of certain network elements under the Construction Services Agreement during the six months ended June 30, 2019.

Note 5. Asset Sales

Sale of Chicago Fiber Network

On August 1, 2017, the Company entered into a definitive agreement to sell a portion of its fiber network in the Company’s Chicago market to a subsidiary of Verizon for $225.0 million in cash. On December 14, 2017, the Company finalized the sale by entering into an Asset Purchase Agreement (“APA”) with a subsidiary of Verizon.

In addition to the APA, the Company and a subsidiary of Verizon entered into a Construction Services Agreement pursuant to which the Company agreed to complete the build-out of the network in exchange for $50.0 million, which represented the estimated remaining build-out costs to complete the network. The $50.0 million is recognized over time as such network elements are completed and accepted. The Company substantially completed the network build-out as of June 30, 2019.

As a result of entering into the Construction Services Agreement, the Company concluded that the assets and liabilities associated with the build-out of the network met the criteria to be classified as held for sale. As of June 30, 2019, the Chicago fiber network has $15.0 million in total assets held for sale that are included in the Company’s condensed consolidated balance sheet which represents the amount the Company has spent on construction subsequent to the closing of the APA, less the costs of sites completed. As the construction is substantially complete, the remaining assets will be sold when accepted.

The Company recognized a $3.2 million gain on sale of assets resulting from the completion and acceptance of certain network elements under the Construction Services Agreement during the six months ended June 30, 2019.