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DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS (Tables)
 12 Months Ended
Dec. 31, 2013
DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS  
Schedule of gain on sale of operations

As a result of that approval, the Company completed the sale of certain U.S. retail wireless assets on that date and recorded a gain of approximately $307.1 million calculated as follows (in thousands):

Proceeds:

              

Received

         $ 702,000  

Escrowed

           78,000  

Working capital

           16,828  
             
​ ​ ​ ​ ​ ​ ​ ​

Adjusted proceeds

           796,828  

Less: Net assets sold or impaired:

              

Assets sold or impaired:

    
 		    
 		  

Current assets

     51,597        

Property, plant and equipment, net

     190,970        

Telecommunications licenses

     50,553        

Other intangible assets

     37,434        

Other assets

     13,202        

Liabilities sold:

    
 		    
 		  

Current liabilities

     (40,674 )      

Other liabilities

     (22,796 )      
             
​ ​ ​ ​ ​ ​ ​ ​

Net assets sold or impaired

           280,286  

Less: Transaction related costs

          
(13,517
)
             
​ ​ ​ ​ ​ ​ ​ ​

Pre-tax gain

           503,025  

Less: Income taxes at effective rate

          
195,923		  
             
​ ​ ​ ​ ​ ​ ​ ​

Net gain on sale

         $ 307,102  
             
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
             
Schedule of reclassification of assets and liabilities of Alltel operations into discontinued operations

Those assets and liabilities consist of the following (in thousands):

 
   December 31,
2012		   December 31,
2013		  

Accounts receivable, net

   $ 34,225   $ —  

Materials and supplies

     19,047     —  

Prepayments and other current assets

     5,386     4,748  

Property, plant and equipment, net

     212,222     —  

Telecommunications licenses

     50,553     —  

Other intangible assets

     42,746     —  

Other assets

     16,586     —  
           
​ ​ ​ ​ ​ ​ ​ ​

Assets of discontinued operations

   $ 380,765   $ 4,748  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Accounts payable and accrued liabilities

   $ 20,486   $ 11,187  

Accrued taxes

     3,475     —  

Advance payments and deposits

     11,435     —  

Other current liabilities

     27,440     —  

Other liabilities

     11,074     —  
           
​ ​ ​ ​ ​ ​ ​ ​

Liabilities of discontinued operations

   $ 73,910   $ 11,187  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of revenues and income from discontinued operations

Revenues and income from discontinued operations related to the Alltel business for the years ended December 31, 2011, 2012 and 2013 were as follows (in thousands):

 
   Year Ended December 31,  
 
   2011   2012   2013  

Revenue from discontinued operations

   $ 496,390   $ 464,382   $ 299,519  

Income from discontinued operations, net of tax expense (benefit) of $1,967, $13,816 and $2,512 respectively

    
10,222		    
29,202		    
5,166