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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2018
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

14. SUBSEQUENT EVENTS

 

 On May 4, 2018, the Company signed an Asset Purchase Agreement under which an existing carrier customer will purchase approximately 100 cell sites included in the Company’s U.S. Telecom segment.  The asset purchase was contemplated under the initial buildout arrangement which provided a purchase right in favor of the carrier customer.  The transaction is expected to close in mid-2018, following the satisfaction of customary regulatory approvals.  Upon close of the transaction, the Company will receive no additional cash proceeds and expects to record a gain of approximately $15 million.