Subsequent Event (Notes) |
6 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Subsequent Event [Abstract] | |
| Subsequent Events [Text Block] |
Subsequent Event
On July 11, 2016, we repurchased 1,000,000 shares of our Class A common stock for $16.1 million.
On July 29, 2016, we executed a Membership Interest Purchase Agreement to acquire Kodiak Kenai Cable Company, the owner of the Kodiak Kenai Fiber Link ("KKFL") for consideration of $20.0 million. KKFL is the only low latency redundant fiber link between Anchorage, the Kenai Peninsula and Kodiak and it will ensure we have diverse, protected network capacity to these markets to support our current and future broadband requirements. Closing is subject to the consent of the Federal Communications Commission.
On August 1, 2016, we received $91.0 million for the initial closing to sell the majority of our urban wireless rooftop and tower sites to Vertical Bridge. Additionally, we entered into a Master Lease Agreement with Vertical Bridge to lease collocation space on communications towers and facilities that were sold to Vertical Bridge.
|
| X | ||||||||||
- Definition Subsequent Event [Abstract] No definition available.
|
| X | ||||||||||
- 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. No definition available.
|