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January 9, 2009

MetroPCS reports gross additions of 1.3 million subscribers in Q4

In the fourth quarter of 2008, on a consolidated basis, US-based MetroPCS Communications has reported gross additions of approximately 1.3 million subscribers, which represents an increase of 55% over the fourth quarter of 2007.

By CBR Staff Writer

Churn for the fourth quarter of 2008 was 5.1% compared to 4.8% in the fourth quarter of 2007. MetroPCS ended the fourth quarter of 2008 with approximately 5.4 million subscribers, which includes net additions during the quarter of approximately 520,000 subscribers, representing an increase of 74% over the fourth quarter of 2007.

MetroPCS has added over 1.4 million subscribers during the year ended December 31, 2008, which is an increase of approximately 37% over the subscriber additions during the year ended December 31, 2007.

Roger Linquist, chairman, president and CEO of MetroPCS, said: We are very pleased to report fourth quarter net additions of 520,000, the highest quarterly net additions in company history. During the fourth quarter and for the full year 2008, our strong subscriber growth continues to prove the resiliency of the MetroPCS business model in the midst of the current unprecedented economic environment.As voice continues to go wireless, our innovative unlimited service offerings are uniquely tailored to provide subscribers with a predictable, affordable and flexible wireless solution that meets their needs

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