Note 7 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 in part on information provided by third parties, summarizes the combined results of operations of TDS’ equity method investments.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
(Dollars in millions)
Revenues	$	1,596	$	1,679	$	4,848	$	5,008
Operating expenses		1,184		1,254		3,631		3,662
Operating income		412		425		1,217		1,346
Other expense, net		(2)		(2)		(4)		(10)
Net income	$	410	$	423	$	1,213	$	1,336