8. Investments in Unconsolidated Entities

Investments in unconsolidated entities consist of amounts invested in wireless and wireline entities in which TDS holds a noncontrolling interest. These investments are accounted for using either the equity or cost method.

The following table, which is based on information provided in part by third parties, summarizes the combined results of operations of TDS’ equity method investments.

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
(Dollars in thousands)
Revenues	$	1,726,558	$	1,635,216	$	3,460,818	$	3,259,900
Operating expenses		1,281,625		1,209,412		2,572,643		2,343,092
Operating income		444,933		425,804		888,175		916,808
Other income, net		(10,873)		378		(6,508)		2,403
Net income	$	434,060	$	426,182	$	881,667	$	919,211