Included
in income (loss) from operations of Iusacell before
income taxes in the preceding table are operating revenues
of $181 million and $540 million for the years ended
December 31, 2003 and 2002, respectively.
Sales of Businesses, Net
Wireline Property Sales
During 2002, we completed the sales of all 675,000 of
our switched access lines in Alabama and Missouri to
CenturyTel Inc. and 600,000 of our switched access lines
in Kentucky to ALLTEL Corporation for $4,059 million
in cash proceeds ($191 million of which was received
in 2001). We recorded a pretax gain of $2,527 million
($1,550 million after-tax). The operating revenues and
operating expenses of the access lines sold were $623
million and $241 million, respectively, in 2002.
Other Transactions
In 2003, we recorded a net pretax gain of $141 million
($88 million after-tax) primarily related to the sale
of our European directory publication operations in
Austria, the Czech Republic, Gibraltar, Hungary, Poland
and Slovakia.
During 2002, we recorded a net pretax gain of $220
million ($116 million after-tax), primarily resulting
from a pretax gain on the sale of TSI Telecommunication
Services Inc. of $466 million ($275 million after-tax),
partially offset by an impairment charge in connection
with our exit from the video business and other charges
of $246 million ($159 million after-tax). |