CLAIM #56889 · T-Mobile US Inc (TMUS) · 2023Q1 earnings call · Apr 27, 2023 · due Sep 30, 2023
“With the mid-quarter closing, we expect a partial impact in Q2 with the full quarter impact beginning in Q3.”
Peter Osvaldik · CFO
In context
“would expect free cash flow in Q2 to be slightly higher than Q1 and then ramp in the back half of the year. We continue to expect our full year effective tax rate to be between 24% and 26%. And finally, as we execute our strategy of winning and expanding account relationships, we continue to expect full year postpaid ARPA to be up approximately 1% in 2023. All right. Before I wrap up, I want to give a quick update on the sale of our wireline assets to Cogent. The process is progressing very smoothly led by Dave and the team at Cogent, and we now expect the transaction to close in early May. On a quarterly basis, this will lead to approximately $125 million lower wholesale and other service revenue and approximately $175 million lower cost of service expenses with a nominal impact to SG&A. With the mid-quarter closing, we expect a partial impact in Q2 with the full quarter impact beginning in Q3. So, in closing, we expect 2023 to be another year of profitable growth and even greater free cash flow expansion as we continue to extend our network leadership and further scale our differentiated profitable growth opportunities. And with that, I will now turn the call back over to Jud to begin the Q&A. Jud? Jud Henry: Thanks, Peter. All right. [Operator Instructions] Operator, let’s take our first question, please. Operator: Our first question comes from Phil Cusick with J.P. Morgan. Please proceed. Phil Cusick: Hi, guys. Thanks very much. Maybe we can start with the revenue per user. I think you said the same thing about ARPA this quarter that you did last approximately up 1% in 2023. We have been looking at the Go5G plans, which were launched recently. Can you remind us of the path of”
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SEC filings for TMUS ↗ · Claim quote is verbatim from the 2023Q1 earnings call.