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SUBSEQUENT EVENT | 12 Months Ended
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Dec. 31, 2012
SUBSEQUENT EVENT |
SUBSEQUENT EVENTS | 16. SUBSEQUENT EVENT Pending Sale of U.S. Retail Wireless Business On January 21, 2013, the Company entered into a Purchase Agreement with AT&T Mobility LLC ("AT&T") to sell certain of the wireless assets used in the Company's Alltel business (the "Alltel Sale"). Under the terms of the agreement, AT&T will purchase the operations in an all-cash transaction valued at approximately $780 million. For the year ended December 31, 2012, the Alltel business constituted approximately $464.4 million, or 63%, of the Company's consolidated revenues and $41.4 million, or 42%, of the Company's consolidated operating income. Although the consummation of the Alltel Sale is subject to customary closing conditions, including approval of the Federal Communications Commission, the required waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976 has expired and we currently expect to complete the transaction in the second half of 2013.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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