ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2016

Acquisitions

Schedule of the preliminary purchase price allocation

Consideration Transferred	$ 112,301
Non-controlling interests	221
Total value to allocate	112,522
Preliminary Purchase price allocation:
Cash	4,229
Accounts receivable	6,553
Materials & supplies	6,533
Other current assets	2,286
Property, plant and equipment	108,284
Telecommunication licenses	7,623
Goodwill	20,586
Intangible assets	7,800
Other Assets	4,394
Accounts payable and accrued liabilities	(15,889)
Advance payments and deposits	(7,793)
Deferred tax liability	(2,935)
Pension and other postretirement benefit liabilities	(29,149)
Net assets acquired	$ 112,522

Schedule of pro forma results of operations

Amounts are presented in thousands, except per share data:

Schedule of funded status of the pension plans

The Company also acquired Innovative’s pension and other postretirement benefit plans as part of the transaction.  The plans cover employees located in the U.S. Virgin Islands and consist of noncontributory defined benefit pension plans and noncontributory defined medical, dental, vision and life benefit plans.  As noted above, the contractual purchase price included an adjustment related to the funded status of Innovative’s pension and other postretirement benefit plans.  As contemplated by the transaction, the Company will contribute approximately $27.8 million during the fourth quarter of 2016 to certain Innovative pension and other postretirement benefit plans.  Due to the Company’s intent and the specific nature of this commitment, the amount is classified as restricted cash at September 30, 2016.  The funded status of the pension plans as of June 30, 2016 is detailed in the table below (in thousands):

	Defined Benefit Pension Plans			Other Postretirement Benefit Plans
Fair value of plan assets	$	45,117	$	-
Benefit obligations		69,178		5,472
Funded status at June 30, 2016	$	(24,061)	$	(5,472)

KeyTech and BDC

Acquisitions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

The table below represents the allocation of the consideration transferred to the net assets of KeyTech and incremental interest acquired in BDC based on their acquisition date fair values (in thousands):

Consideration Transferred
Cash consideration - KeyTech	$ 34,518
Cash consideration - BDC	7,045
Total consideration transferred	41,563
Non-controlling interests - KeyTech	32,909
Total value to allocate	$ 74,472
Value to allocate KeyTech	67,427
Value to allocate - BDC	7,045
Purchase price allocation KeyTech:
Cash	8,185
Accounts receivable	6,451
Other current assets	3,241
Property, plant and equipment	100,892
Identifiable intangible assets	10,590
Other long term assets	3,464
Accounts payable and accrued liabilities	(16,051)
Advance payments and deposits	(6,683)
Current debt	(6,429)
Long term debt	(28,929)
Net assets acquired	74,731
Gain on KeyTech bargain purchase	$ 7,304
Purchase price allocation BDC:
Carrying value of BDC non-controlling interest acquired	2,940
Excess of purchase price paid over carrying value of non-controlling interest acquired	$ 4,105

Vibrant Energy

Acquisitions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

The table below represents the allocation of the consideration transferred to the net assets of Vibrant Energy based on their acquisition date fair values (in thousands):

Consideration Transferred	$ 6,193
Purchase price allocation:
Cash	$ 136
Prepayments and other assets	636
Property, plant and equipment	7,321
Accounts payable and accrued liabilities	(5,179)
Goodwill	3,279
Net assets acquired	$ 6,193