WAYNESBORO, Va. (Dow Jones)--Ntelos Inc. (NTLOQ) expects its 2002 operating cash flow to exceed guidance but plans to record a significant asset-impairment charge for the year related to long-lived assets. In a press release Friday, the integrated-communications provider, which filed for Chapter 11 bankruptcy on Tuesday, said it expects to post a 2002 asset-impairment charge of at least $350 million, subject to audit. Ntelos put full-year earnings before interest, taxes, deprecation and amortization at more than $60 million, before restructuring and asset-impairment charges, above its prior range of $52 million to $58 million. Operating revenue for 2002 should come in at about $263 million, the company said. It also expects fourth-quarter operating revenue of nearly $70 million. In 2001, Ntelos posted EBITDA of $20.5 million, on operating revenue of $215.1 million. The company said it reviewed its long-term business plan and made several changes, including a reduction in subscriber growth, a decrease in average revenue per unit, a slower improvement in subscriber churn and lower wholesale revenue. Ntelos also said it received notice that its shares will be delisted from the Nasdaq National Market on Thursday. The company received a delisting notice from Nasdaq on Tuesday, indicating that its bankruptcy filing and failure to meet other listing requirements made the shares subject to delisting. Ntelos opted not to appeal the notice and expects its shares to be eligible for trading on the over-the-counter Bulletin Board. The company, which had been in talks to restructure its debt after missing several interest payments last month, has received bankruptcy court approval for $35 million in debtor-in-possession financing. Ntelos has said common shareholders will receive little or no holdings in the company after completion of the bankruptcy process. The company's shares closed Friday at 6 cents, above the 52-week low set Tuesday of 5 cents, but well off the 52-week high of $7.60 reached March 11, 2002. Company Web site: http://www.ntelos.com -Susan Willetts; Dow Jones Newswires; 201-938-5400