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CLAIM #57187 · T-Mobile US Inc (TMUS) · 2025Q3 earnings call · Oct 23, 2025 · due Dec 31, 2025

we now expect adjusted free cash flow, including payments for merger-related costs in the range of $17.8 billion to $18 billion, representing an increase of $200 million at the lower end of the range.

Peter Osvaldik · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

ng our customer-driven coverage model to both defend and expand the margin of our network leadership, the merger also allowed us to accelerate a broader network transformation initiative focused on optimizing customer experience and value through cell site location optimization. As part of this effort in Q4, we expect to incur approximately $160 million in additional expenses related to cell site decommissioning that will be excluded from core adjusted EBITDA. With all M&A and financing incorporated, we anticipate Q4 depreciation and amortization expense of approximately $3.7 billion and interest expense of $1 billion. All right. Turning to cash CapEx. We now expect cash CapEx to be approximately $10 billion, an increase of $500 million, driven entirely by the inclusion of UScellular. And we now expect adjusted free cash flow, including payments for merger-related costs in the range of $17.8 billion to $18 billion, representing an increase of $200 million at the lower end of the range. All right. To sum it all up, not only did our results continue to demonstrate our ability to consistently execute and deliver outsized and profitable growth, we could not be more excited to carry our strong momentum far into the future. So with that, I'll now turn the call back to Cathy to begin the Q&A. Cathy? Quan Yao: Thanks, Peter. All right. Let's get to your questions. [Operator Instructions] We will start with a question on the phone and wrap a few minutes early for closing remarks today. Operator, first question, please. Operator: First question will come from Benjamin Swinburne with Morgan Stanley. Benjamin Swinburne: One for Srini, maybe one for Peter. Srini, you talked about sort of this -- the network perception gap and committing to narrowing that. Can you guys talk a little

Verify independently

SEC filings for TMUS · Claim quote is verbatim from the 2025Q3 earnings call.