MetroPCS Communications, Inc, a provider of unlimited wireless communications announced
selected subscriber information for the quarter ended June 30, 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.
"Achieving 184 thousand net additions during the seasonally slow
second quarter, coupled with a challenging economic environment
highlighted by dramatically escalating prices for fuel and food,
strongly demonstrates the resiliency of the MetroPCS business model,"
said Roger D. Linquist, MetroPCS' Chairman, President and Chief
Executive Officer.
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.
"At the end of the second quarter, our consolidated subscriber base was
approximately 4.6 million. While the U.S. economy shows signs of
continued deterioration, we
are very pleased by our second quarter subscriber growth. We continue
to believe that our predictable, affordable and flexible service
offerings differentiate us from the competition and that our unique
business model positions us well to capitalize on the increasing trend
of wireline replacement. We continue to expand our service footprint
with the recent launches of service in Philadelphia, Shreveport/Bossier
City, Jacksonville and Bakersfield, and we are excited about the
potential opportunities from our planned future service launches in
Boston and New York."