T-Mobile (TMUS) Completes UScellular Merger, Eyes $1.2 Billion Annual Cost Savings

T-Mobile US, Inc. (NASDAQ:TMUS) ranks among the best communication services stocks to buy now. On September 4, T-Mobile US, Inc. (NASDAQ:TMUS) stated that it anticipates increasing its service revenue by around $400 million this quarter as it merges users of recently acquired regional rival UScellular.

US antitrust regulators approved the $4.4 billion merger back in July after concluding their probe without seeking to halt the deal announced in May of last year.

After closing its acquisition on August 1, the company acquired 30% of UScellular’s spectrum holdings along with its wireless operations, subscribers, and retail locations.

Originally projecting a run rate of roughly $1 billion, T-Mobile US, Inc. (NASDAQ:TMUS) now anticipates that the integration will result in synergies that will help save almost $1.2 billion in costs annually.

Based in Bellevue, Washington, T-Mobile US, Inc. (NASDAQ:TMUS) is a prominent supplier of wireless telecommunication services.

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Disclosure: None. This article is originally published at Insider Monkey.