T-Mobile Investor Day Presentation Deck

BIGGER AND FASTER SYNERGY REALIZATION UNLOCKS INCREMENTAL SHAREHOLDER VALUE $43B NPV of Synergies HIGHER by >60% at current WACC Original Merger Case NPV @ 8% NPV @ 7% >$70B ~$10B >$60B Current Outlook $15B of expected total cost to achieve unchanged $11.5B Opex and $3.5B Capex $3.4B of Opex incurred through YE 2020 64

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