“Merger-related costs, which are not included in core adjusted EBITDA are expected to be between $4.8 billion and $5 billion before taxes, primarily representing network decommissioning activities.”

In context

“erentiated growth strategy and progress on a reducing churn. We continue to expect nearly half of postpaid net adds, coming from phones for the full year. Turning to core adjusted EBITDA, we now expect full year 2022 to be between $26.2 billion and $26.4 billion, up 11% year-over-year at the midpoint and up $150 million from our prior guidance, driven by our profitable growth in service revenues and increased merger synergies. Core adjusted EBITDA excludes leasing revenues, which we expect to be between $1.3 billion to $1.4 billion as we continue to transition Sprint customers off device leasing. We now expect merger synergies to be between $5.7 billion to $5.8 billion, up $250 million at the midpoint, primarily as we unlock more network savings driven by accelerated site decommissioning. Merger-related costs, which are not included in core adjusted EBITDA are expected to be between $4.8 billion and $5 billion before taxes, primarily representing network decommissioning activities. Net cash provided by operating activities, which include payments for merger-related costs, are now expected to be in the range of $16.3 billion to $16.5 billion, up 18% year-over-year at the midpoint and up $250 million from the prior guidance. Turning to cash CapEx, we now expect it to be between $13.7 billion and $13.9 billion, which is up $200 million at the midpoint, reflecting the ongoing robust pace of our 5G deployment and success in high speed internet where we capitalize the routers. Together, we now expect free cash flow, including payments for merger-related costs to be in the range of $7.4 billion to $7.6 billion, higher by $50 million at the midpoint. This results in free cash flow increasing by more than 30% over last year, even with the higher levels of investments and doe”