SPY383.63+6.93 1.84%
DIA315.24+5.66 1.83%
IXIC12,920.15+196.68 1.55%

DJ T-Mobile Predicts Up to $3B in Costs to Digest Sprint in 2021 -- Market Talk

· 02/04/2021 16:26

16:26 ET - T-Mobile's 2020 Sprint purchase gave the combined company opportunities to save money in the long run as well as big near-term costs, a fact reflected in 2021 guidance. The cellphone carrier says merger-related costs will run $2.5B-$3B before taxes this year, adding to last-year's $1.9B tab for combining once separate stores, back-office jobs and network infrastructure. Integrating the erstwhile rival contributed to a slightly lower 4Q profit result despite much higher revenue from new Sprint customers. (andrew.fitzgerald@wsj.com; @drewfitzgerald)

(END) Dow Jones Newswires

February 04, 2021 16:26 ET (21:26 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.