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MetroPCS posts Q4 net income of $15m

Posts Total revenues of $724m, compared to $591m for the fourth quarter of 2007

By CBR Staff Writer

MetroPCS Communications, a provider of unlimited, flat-rate wireless communications service, has posted a net income of $14.57m, or $ 0.04 per diluted share, for the fourth quarter ended December 31, 2008, compared to a net loss of $47.15m, or $0.14 per diluted share, for the same period in 2007.

The company posted total revenues of $724m for the fourth quarter of 2008, compared to $591m in the same quarter of 2007.

For the full year 2008, the company posted total revenues of $2.75 billion, compared to $2.24 billion in 2007. The company registered a net income of $149.43m, or $ 0.42 per diluted share, for the year 2008, compared to $100.40m, or $ 0.28 per diluted share, in 2007.

Roger Linquist, chairman, president and CEO of MetroPCS, said: We are very pleased to report the best quarterly subscriber growth in company history with approximately 520,000 net subscriber additions. We have delivered sustainable growth, reporting total net subscriber additions of 35% or higher in each of the last six years. During 2008, our expansion markets net subscribers grew by approximately 83% and our core markets net subscribers grew over 12%.

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