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UNITED STATES CELLULAR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 8 ACQUISITIONS, DIVESTITURES AND EXCHANGES (Continued)
U.S. Cellular acquisitions in 2011 and 2010 and the allocation of the purchase price for these
acquisitions were as follows:
Allocation of Purchase Price
Intangible assets Net tangible
Purchase subject to assets
(Dollars in thousands) price(1) Goodwill Licenses amortization(2) (liabilities)
2011
Licenses ........................ $ 4,406 $— $ 4,406 $ — $ —
Business(3)(4) .................... 24,572 — 15,592 2,252 6,728
Total .......................... $28,978 $— $19,998 $2,252 $6,728
2010
Licenses ........................ $17,101 $— $17,101 $ — $ —
Total .......................... $17,101 $— $17,101 $ — $ —
(1) Cash amounts paid for the acquisitions may differ from the purchase price due to cash acquired in
the transactions and the timing of cash payments related to the respective transactions.
(2) Intangible assets subject to amortization acquired in 2011 are classified as Assets held for sale and
as a result are not amortized.
(3) Includes only the acquired interest and does not include amounts attributable to U.S. Cellular’s
pre-existing noncontrolling interest described above in this Note 8.
(4) Licenses, Intangible assets subject to amortization and a portion of Net tangible assets (liabilities)
are included in amounts reported as Assets held for sale in the Consolidated Balance Sheet.
NOTE 9 LICENSES AND GOODWILL
Changes in U.S. Cellular’s licenses and goodwill are presented below. See Note 8—Acquisitions,
Divestitures and Exchanges for information regarding transactions which affected licenses and goodwill
during the periods.
Licenses
Year Ended December 31, 2011 2010
(Dollars in thousands)
Balance, beginning of year ......................... $1,452,101 $1,435,000
Acquisitions .................................. 4,406 17,101
Exchanges ................................... 11,842 —
Other ....................................... 2,420 —
Balance, end of year ............................. $1,470,769 $1,452,101
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