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LOSS ON DECONSOLIDATION OF SUBSIDIARY
3 Months Ended
Mar. 31, 2015
LOSS ON DECONSOLIDATION OF SUBSIDIARY  
LOSS ON DECONSOLIDATION OF SUBSIDIARY

5.   LOSS ON DECONSOLIDATION OF SUBSIDIARY

 

During March 2015, the Company’s sold certain assets and liabilities of its Island Wireless segment.  As a result, the Company recorded a loss of approximately $19.9 million arising from the deconsolidation of non-controlling interests of $20.0 million and a gain of $0.1 million arising from an excess of sales proceeds over the carrying value of net assets disposed of.  The disposition is included within other income (expense) and does not relate to a strategic shift in the Company’s operations and the subsidiary’s historical results and financial position are presented with continuing operations.