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Investment and Other Income, Net
 12 Months Ended
Dec. 31, 2016
Investment and Other Income, Net [Abstract]  
Investment and Other Income, Net



(9) Investment and Other Income, Net: 

The components of investment and other income, net for the years ended December 31, 2016, 2015 and 2014

are as follows:





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

($ in millions)

 

2016

 

2015

 

2014



 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

 13 

 

$

 7 

 

$

 2 

Loss on debt exchanges

 

 

 (7)

 

 

 -

 

 

 -

Gain on sale of Fairmount Cellular LLC

 

 

 -

 

 

 -

 

 

 25 

Gain on sale of 700 MHz spectrum

 

 

 -

 

 

 -

 

 

 12 

Gain on expiration/settlement of customer advances

 

 

 13 

 

 

 -

 

 

 -

All other, net

 

 

 1 

 

 

 -

 

 

 -

Total investment and other income, net

 

$

 20 

 

$

 7 

 

$

 39 



 

 

 

 

 

 

 

 

 



During 2016 and 2015, we received $13 million and $7 million, respectively, in interest and dividend income, primarily due to interest earned on restricted cash.



During 2016, we recognized income of $13 million in connection with certain retained liabilities that have terminated, associated with customer advances for construction from our disposed water properties.



During 2014, we sold assets that were unrelated to Frontier’s operations and recognized a gain of $25 million associated with the sale of our interest in Fairmount Cellular LLC and recognized a gain of $12 million related to the sale of our 700 MHz spectrum.