Metro PCS is the fifth largest facilities-based wireless telecommunications provider in the U.S. measured by the number of subscribers served. MetroPCS offers wireless broadband services to selected major metropolitan areas in the U.S. and provides a variety of wireless communications services to subscribers on a no long-term contract, paid-in-advance basis. As of December 31, 2010, it had over 8.1 million subscribers. In April 2007, MetroPCS Communications consummated an initial public offering of its common stock and became listed for trading on The New York Stock Exchange under the symbol "PCS." As of December 31, 2010, it held licenses for wireless spectrum covering a total population of approximately 142 million people in and around many of the largest metropolitan areas in the U.S. In addition, MetroPCS has roaming agreements with other wireless carriers that allows it to offer customers service in many areas when they are outside our service area. These roaming agreements, together with the area it serves with its own networks, allows its customers to receive service in an area covering over 280 million in total population under the Metro USA brand. Metro PCS provides its services using code division multiple access, or CDMA, networks using 1xRTT technology and, in all but one major metropolitan area, long term evolution, or 4G LTE, technology. It introduced the first commercial 4G LTE service in the United States in its Las Vegas and Dallas/Fort Worth metropolitan areas in September 2010 and launched the world's first dual mode 4G LTE/CDMA handset. Source: SEC Filings


Latest Headlines

Latest Headlines

T-Mobile/MetroPCS merger gets thumbs-down from influential proxy adviser

Institutional Shareholder Services, an influential proxy advisory firm seen as an arbiter between warring shareholders, recommended MetroPCS shareholders vote against the carrier's proposed merger with T-Mobile USA on April 12.

T-Mobile's Legere confident MetroPCS shareholders will approve merger

T-Mobile USA CEO John Legere expressed strong confidence Tuesday that MetroPCS shareholders will approve T-Mobile's planned merger with the flat-rate carrier when they vote on the deal April 12.

T-Mobile kills wireless contracts, will launch iPhone 5 on April 12

T-Mobile USA formally unveiled its new no-contract pricing without device subsidies and also said after years of waiting it will launch the LTE-capable Apple iPhone 5 on April 12. The carrier also launched its LTE network in its first seven markets.

Unraveling the promise of VoLTE

As LTE network buildouts accelerate, many operators are now turning their attention to VoLTE. I recently talked with Nicola Palmer, CTO of Verizon Wireless, and she was adamant that the company will deploy VoLTE later this year or early in 2014. Although she didn't provide a lot of details, she said that the company's VoLTE service would incorporate Rich Communications Services, or RCS, and customers would be able to access VoLTE when they travel.

MetroPCS: We have no other buyer but T-Mobile

MetroPCS reiterated its call to shareholders to approve its merger with Deutsche Telekom's T-Mobile USA, arguing that no other company has emerged since last fall to make a counter bid for the company.

Report: T-Mobile will offer rate plans with handset subsidies through third-party retailers

T-Mobile USA will continue to offer its traditional Classic plans with device subsidies at third-party retailers, according to a TMoNews post. The company had previously announced that it intends to switch exclusively to offering its Value plans without device subsidies later this month.  

MetroPCS shareholder slams company, Linquist over T-Mobile deal

With shareholder approval essentially all that stands between T-Mobile USA merging with MetroPCS, one minority institutional MetroPCS investor is doing all it can to draw attention to what it sees as the flaws in the deal.  P. Schoenfeld Asset Management LP,   whose holdings represent about 2 percent of MetroPCS shares, sent a letter to MetroPCS shareholders urging them to vote against the deal and promising to deliver a white paper that explains its opposition.

FCC approves T-Mobile/MetroPCS merger

The FCC approved T-Mobile USA's proposed merger with MetroPCS, putting the deal one step closer to completion. The transaction has received approval from the Department of Justice and must now be approved by MetroPCS' shareholders, who are set to vote on the deal April 12.

MetroPCS urges shareholders to approve T-Mobile deal

MetroPCS sent a letter to its shareholders urging them to approve its planned merger with T-Mobile USA when they vote on the deal April 12, arguing that minority shareholders are spreading misperceptions about the agreement. Meanwhile, a lawyer for the Communications Workers of America union said in an FCC filing that the commission may approve the deal at the bureau level rather through a formal vote by the FCC's five commissioners.

Report: T-Mobile to cull jobs at HQ ahead of MetroPCS deal

T-Mobile USA is preparing to cut jobs at its headquarters in Bellevue, Wash., ahead of its planned merger with flat-rate carrier MetroPCS, according to multiple reports.