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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
(Dollars in thousands)
Revenues	$	1,738,488	$		1,649,160	$		5,199,305	$		4,876,269
Operating expenses		1,267,820			1,230,366			3,840,462			3,554,598
Operating income		470,668			418,794			1,358,843			1,321,671
Other income (loss), net		(10,236)			4,752			(16,744)			7,178
Net income	$	460,432	$		423,546	$		1,342,099	$		1,328,849