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IMPACT OF HURRICANES IRMA AND MARIA | 12 Months Ended
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Dec. 31, 2020
IMPACT OF HURRICANES IRMA AND MARIA |
IMPACT OF HURRICANES IRMA AND MARIA | 5. IMPACT OF HURRICANES IRMA AND MARIA ​ During September 2017, the US Virgin Islands economy, the Company’s customer base and its operations were severely impacted by the Hurricanes. The Company’s wireless and wireline networks and commercial operations were all severely damaged by these storms and as a result of the significant damage to the wireline network and the lack of consistent commercial power in the territory, the Company was unable to provide most of its wireline services, which comprise the majority of its revenue in this business, from mid-September 2017 and through most of 2018. ​ During the year ended December 31, 2018, the Company received $15.5 million in one-time additional funding from the Federal Communications Commission’s (“FCC”) Universal Service Fund (“USF”) to further subsidize its operations in the US Virgin Islands. This amount was recorded as revenue during the year ended December 31, 2018. ​ During the years ended December 31, 2019 and 2018, the Company spent $0.1 million and $80.2 million, respectively, for network restoration and resiliency enhancements that allowed the reconnection of a significant majority of affected US Virgin Islands households and businesses. ​

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