MetroPCS (PCS) Announces Second Quarter 2008 Subscriber Results

July 3, 2008 7:36 AM EDT

MetroPCS Communications, Inc. (NYSE: PCS) announced selected subscriber information for the quarter ended June 30, 2008.

In the second quarter of 2008, on a consolidated basis, MetroPCS reported gross additions of approximately 793 thousand subscribers, which represents an increase of 20% over the second quarter of 2007.

Churn for the second quarter of 2008 was down 0.3% when compared to the second quarter of 2007, and consistent with seasonal patterns, increased 0.5% to 4.5% when compared to the first quarter of 2008. MetroPCS ended the second quarter with approximately 4.6 million subscribers, which includes net additions during the quarter of approximately 184 thousand subscribers.

MetroPCS has added over one million subscribers during the twelve month period ended June 30, 2008, representing total subscriber growth of approximately 30% as compared to subscribers as of June 30, 2007.

At the end of the second quarter, consolidated subscriber base was approximately 4.6 million.

MetroPCS Communications, Inc. offer wireless broadband personal communication services (PCS), on a no long-term contract, flat-rate, unlimited usage basis in the San Francisco, Miami, Los Angeles, Atlanta, Sacramento, Tampa/Sarasota/Orlando, Dallas/Ft. Worth, and Detroit metropolitan areas, which include a total licensed population of approximately 67 million. [SM]

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