Sept 4 (Reuters) - T-Mobile said on Thursday it
expects to generate about $400 million more in service revenue
this quarter as the U.S. wireless carrier integrates customers
of the recently acquired regional rival UScellular.
U.S. antitrust enforcers greenlit the $4.4 billion deal in
July after closing its investigation without seeking to block
the transaction announced in May last year.
The company closed the deal on August 1, taking over
UScellular's wireless operations, including customers, stores
and 30% of its spectrum assets.
T-Mobile now expects synergies from the integration to help
save about $1.2 billion in costs annually, up from the initial
outlook of about $1 billion run rate.
It also expects to achieve the integration in about two
years, compared with its initial three-to-four-year projection.
T-Mobile said it will take a non-cash charge of about $350
million in the third quarter due to its switch to a more
streamlined billing platform.
The company also anticipates about $100 million in
integration costs, excluded from core adjusted EBITDA, and
roughly $175 million in depreciation and amortization expenses.