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T-Mobile expects adjusted free cash flow between $18 billion and $19 billion in 2027

Editor September 18, 2024
2024-09-18T183442Z_1_LYNXMPEK8H0PN_RTROPTP_4_T-MOBILE-US-FREE-CASH-FLOW

(Reuters) – Telecom operator T-Mobile said on Wednesday it expects adjusted free cash flow to be between $18 billion to $19 billion in 2027.

The company expects to add 12 million 5G broadband customers by 2028, CEO Mike Sievert said at T-Mobile’s Capital Markets Day.

T-Mobile, one of the top three carriers in the U.S., has seen increased adoption for its premium plans that offer streaming packages along with unlimited offerings.

By extending its network coverage to rural areas, T-Mobile has attracted a substantial number of new customers.

T-Mobile expects core adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between $38 billion and $39 billion in 2027.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona)

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