"This quarter we focused on managing costs; we delivered solid financial results and positioned the company for future growth. On a consolidated basis, we reported the highest consolidated quarterly Adjusted EBITDA in company history. In a seasonally slow quarter, we reported net additions that were below our expectations, due primarily to elevated churn and a deceleration in gross additions. We believe this was the result of continued U.S. macro-economic weakness, an increasingly competitive environment, and upward adjustments we made to the price of certain handsets," said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS.

"During the quarter, we continued to buildout and expand our network and increase distribution in the Northeast Markets. We recorded approximately 121 thousand net subscriber additions for the Northeast Markets during the third quarter. After enhancing our rate plans in August, we recently introduced additional marketing initiatives intended to address the evolving competitive marketplace.

"In September we announced our selection of our vendors for an initial launch of 4G LTE services and handsets for our anticipated launch of services in the second half of 2010, and also recently expanded the coverage area where our customers can receive MetroPCS Unlimited NationwideSM service," Linquist concluded.

 Key Consolidated Financial and Operating Metrics                                                                                                                                                                    
 (in millions, except percentages, per share, per subscriber and subscriber amounts)                                                                                                                                 
                                                                                                                                                                                                                     
                                                                   Three Months Ended   Three Months Ended   Nine Months Ended    Nine Months Ended                                                                  
                                                                   September 30, 2009   September 30, 2008   September 30, 2009   September 30, 2008                                                                 
 Service revenues                                                  $  812               $  611               $  2,306             $  1,771                                                                           
 Total revenues                                                    $  896               $  687               $  2,551             $  2,028                                                                           
 Income from operations                                            $  158               $  121               $  405               $  368                                                                             
 Net income                                                        $  74                $  45                $  144               $  135                                                                             
 Diluted net income per common share                               $  0.21              $  0.13              $  0.40              $  0.38                                                                            
 Consolidated Adjusted EBITDA((1))                                 $  272               $  201               $  705               $  589                                                                             
 Consolidated Adjusted EBITDA as a percentage of service revenues     33.5       %         32.9       %         30.6       %         33.2       %                                                                    
                                                                                                                                                                                                                     
 ARPU((1))                                                         $  41.08             $  40.73             $  40.68             $  41.73                                                                           
 CPGA((1))                                                         $  153.94            $  128.21            $  148.27            $  130.78                                                                          
 CPU((1))                                                          $  17.27             $  18.18             $  16.93             $  18.41                                                                           
 Churn-Average Monthly Rate                                           5.8        %         4.8        %         5.5        %         4.5        %                                                                    
                                                                                                                                                                                                                     
 Consolidated Subscribers                                                                                                                                                                                            
 End of Period                                                        6,322,269            4,847,314            6,322,269            4,847,314                                                                       
 Net Additions                                                        66,157               249,265              955,436              884,528                                                                         
 Penetration of Covered POPs((2))                                     7.1        %         7.9        %         7.1        %         7.9        %                                                                    
                                                                                                                                                                                                                     
 (1) For a reconciliation of Non-GAAP financial measures, please refer to the section entitled "Definition of Terms and Reconciliation of Non-GAAP Financial Measures" included at the end of this release.          
                                                                                                                                                                                                                     
 (2) Number of covered POPs increased approximately 28 million from 9/30/08 to 9/30/09.                                                                                                                              


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Quarterly Consolidated Results

MetroPCS reported consolidated service revenues of $812 million for the third quarter, an increase of 33% when compared to the prior year third quarter.

Income from operations increased approximately $37 million, or 31%, for the quarter ended September 30, 2009 as compared to the prior year's third quarter. This was primarily driven by the 30% growth in subscribers over the last twelve months as well as continued cost benefits due to the increasing scale of our business, partially offset by costs associated with our unlimited international calling product and an increase in expenses associated with the ramp up of operations in the Northeast Markets.

Net income for the quarter increased $29 million, or 64%, compared to third quarter 2008 and includes approximately $18 million related to the reduction of a state unrecognized tax benefit associated with the expiration of a statute of limitations.

Consolidated Adjusted EBITDA of $272 million increased by $71 million, or 35%, when compared to the same period in the previous year.

Average revenue per user (ARPU) of $41.08 for the quarter represents an increase of $0.35 when compared to the third quarter of 2008 and an increase of $0.56 when compared to the second quarter of 2009. This increase was primarily driven by favorable rate plan sales mix and our unlimited international calling plan launched in June 2009.

The Company's cost per gross addition (CPGA) of $153.94 for the quarter represents an increase of $25.73 when compared to the prior year's third quarter and was primarily driven by the Northeast Markets segment related to the launches of service in the New York and Boston metropolitan areas in early 2009, coupled with increased promotional activities.

Cost per user (CPU) decreased to $17.27 in the third quarter, or 5%, when compared to the third quarter of 2008. The decrease in CPU is primarily due to the Company's continued scaling of the business, partially offset by costs associated with our unlimited international calling product as well as expenses related to the ramp up of operations in the Northeast Markets.

Churn increased 100 basis points from 4.8% to 5.8%, when compared to the third quarter of 2008. The increase in churn was primarily related to incremental gross additions of 1.5 million customers during the nine months ended June 30, 2009, as compared to the same period in 2008, coupled with churn from increased competition.

Effective January 1, 2009, the Company implemented a change to the composition of its reportable segments under SFAS No. 131 "Disclosure About Segments of an Enterprise and Related Information," (Accounting Standards Codification 280 "Segment Reporting"). Under this change, the Company now aggregates its thirteen operating segments as follows: the Core Markets include the Atlanta, Dallas/Ft. Worth, Detroit, Las Vegas, Los Angeles, Miami, Orlando/Jacksonville, Sacramento, San Francisco, and Tampa/Sarasota metropolitan areas and the Northeast Markets include the Boston, New York and Philadelphia metropolitan areas.