T-Mobile raises FY18 adjusted EBITDA view to $11.8B-$12B from $11.5B-$11.9B
"In 2018, we expect postpaid net customer additions between 3.8 and 4.1 million, an increase and narrowing from the prior target range of 3.0 to 3.6 million. Net income is not available on a forward looking basis. Adjusted EBITDA is now expected to be between $11.8 and $12.0 billion, an increase and narrowing from the prior target range of $11.5 to $11.9 billion. Our Adjusted EBITDA target includes leasing revenues of $0.6 to $0.7 billion, unchanged from the prior guidance but we now expect leasing revenues to be at the high end of the guidance range. Including the estimated impact of the new revenue standard, Adjusted EBITDA is expected to increase by an additional $0.2 to $0.5 billion for a total guidance range of $12.0 to $12.5 billion. For full-year 2018, we continue to expect branded postpaid phone ARPU to be generally stable compared to full-year 2017, excluding the impact from the new revenue standard."