“We now expect full year 2022 to be between $26 billion and $26.3 billion, up more than 10% year-over-year at the midpoint and up $150 million from our prior guidance, driven by our profitable growth in service revenues and merger synergies.”

In context

“oard for 2022. We now expect total postpaid net customer additions to be between 6 million and 6.3 million, up 600,000 at the midpoint, reflecting both the great execution of our differentiated growth strategy and progress on reducing sprint churn. We continue to expect nearly half of postpaid net adds will be coming from phones for the full year. As we mentioned last quarter, the net adds guidance does not include the subset of customers who we do not expect to migrate upon our network sunsets, which were treated as a base adjustment. As we began the orderly network shutdowns at the end of Q2, we took an adjustment of 284,000 postpaid phones, in line with what we had guided, as well as 946,000 postpaid other devices that were not practical to be upgraded. Turning to core adjusted EBITDA. We now expect full year 2022 to be between $26 billion and $26.3 billion, up more than 10% year-over-year at the midpoint and up $150 million from our prior guidance, driven by our profitable growth in service revenues and merger synergies. This excludes leasing revenues, which we expect to be between $1.2 billion to $1.4 billion, as we continue to transition Sprint customers off device leasing. We now expect merger synergies to be between $5.4 billion to $5.6 billion, up $200 million at the midpoint as we unlock more network savings driven by accelerated site decommissioning. Merger-related costs, which are not included in core adjusted EBITDA and are expected to be between $4.7 billion and $5.0 billion before taxes, primarily representing network activities. With Q2 being the peak quarter, we expect that Q3 will be closer to Q1 levels, and then taper off in Q4. Net cash provided by operating activities including payments for merger-related costs are now expected to be in the range of $16 billion to $16.3 billion, up more t”