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NYSE: PCS   6.61 +0.01 (+0.15%)  Wednesday4:01 PM ET
 
                   
Name: MetroPCS Communications, Inc.
Industries: Telecom
Revenue: $3.48B ¹
Profit: $176.84M ¹
Employees: 3,200
Headquarters: 2250 LAKESIDE BLVD
RICHARDSON, Texas 75082
United States Of America
Website:
¹ TTM figures for 31-Dec-2009
MetroPCS's flat rates are leading to rising income. Founded in 1994 and headquartered in Richardson, TX, MetroPCS Communications, Inc. (NYSE: PCS) uses its phone networks to provide unlimited wireless communication service for a flat rate with no signed contract. The company charges flat monthly rates instead of fees per minute for local and long distance. It serves approximately 5.4 million people and offers services in about eight states, including the Atlanta, Boston, Dallas/Ft. Worth, Detroit,
MetroPCS's flat rates are leading to rising income. Founded in 1994 and headquartered in Richardson, TX, MetroPCS Communications, Inc. (NYSE: PCS) uses its phone networks to provide unlimited wireless communication service for a flat rate with no signed contract. The company charges flat monthly rates instead of fees per minute for local and long distance. It serves approximately 5.4 million people and offers services in about eight states, including the Atlanta, Boston, Dallas/Ft. Worth, Detroit, Las Vegas, Los Angeles, Miami, New York, Orlando/Jacksonville, Philadelphia, Sacramento, San Francisco, and Tampa/Sarasota metropolitan areas. The company had 2008 revenue of about $2.8 billion and has about 3,200 employees. In February 2009, it launched service in the New York City and greater Boston areas.
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1206382 3/9/10:
Leap trimming jobs and closing stores
Leap Wireless cut 180 jobs and shuttered 27 company stores nationwide. The flat-rate carrier said the restructuring reflects its changing priorities for the year. The cuts were made due to "refocused priorities and refocused resources to align with our 2010 priorities," Leap spokesman Greg Lund told ... - read more at FierceWireless
1200415 3/8/10:
Verizon claims 5-12Mbps 4G LTE service in 25+ markets this year, ...
By Tim Conneally, Betanews Still racing for an LTE launch in the second half of this year, Verizon Wireless has been testing its trial 4G Long Term Evolution (LTE) networks in Boston and Seattle since last August. Today the wireless network operator says it will be able to deliver speeds between 5-12 ... - read more at Beta News
1198707 3/8/10:
Verizon LTE test speed: 50 Mbps max
Verizon Wireless said the throughput speeds it is seeing in its LTE network tests are topping out at between 40 Mbps and 50 Mbps. The figures are the latest update from the carrier as it speeds along toward commercial deployment of the next-generation network technology later this year. The nation's ... - read more at FierceWireless
tags: Verizon  AT&T  Network World 
1198375 3/8/10:
Making the most of 4G networks
It's no longer a question of which technology U.S. wireless carriers will use for their next-generation network technology, but a question of when they'll use it. With the exception of Clearwire and its wholesale network partners like Sprint Nextel, Comcast and Time Warner, service providers in the ... - read more at FierceWireless
1195717 3/7/10:
SlashPhone Week in Review — Week 9 2010
Welcome to the SlashPhone Week in Review. This is where we take a look back at the week we've just left behind, and rehash the most important articles. It's one of the ways we like to make sure that you're not missing anything, just in case you couldn't stop by on your busy Monday. After all, you wouldn't ... - read more at SlashPhone
1193869 3/5/10:
Samsung Freeform Leaps for MetroPCS Wireless
Remember the Samsung Freeform? You should. It made an appearance late last year for Alltel Wireless. But in all honesty, it didn't make that big of a splash. The phone is a generic, full QWERTY keyboard messaging device, but other than that, it's just another phone. It'll be great for the dad out there ... - read more at SlashPhone
1190289 3/5/10:
Analyst: Possible MetroPCS-Leap merger not likely until 2011
Rivals MetroPCS and Leap Wireless probably won't embark on a possible merger until the second half of 2011, an analyst said, casting doubt on speculation that the two prepaid unlimited carriers are poised to combine their operations to combat fierce competition. Oppenheimer analyst Tim Horan said the ... - read more at FierceWireless
1183243 3/4/10:
guestauthor
Editor's note: Richard Wong is a venture capitalist with Accel Partners, an investor in AdMob, GetJar, and SunRun, and a former mobile industry executive. In this guest post he argues that the fragmentation of mobile devices and platforms is here to stay, and offers some advice to entrepreneurs on how ... - read more at TechCrunch
1175069 3/3/10:
U.S. Cellular Cut to Underperform - Analyst Blog
We downgrade our recommendation for U.S. Cellular (USM), the wireless subsidiary of Telephone and Data SystemsData Systems (TDS), to Underperform following the lower-than-expected fourth quarter 2009 results. The carrier reported disappointing results in the quarter with earnings coming in below the Zacks Consensus ... - read more at Benzinga
1164917 3/2/10:
MetroPCS Prepares To Offer Prepaid 4G Service - But will carriers ...
Like Boost Mobile and Cricket, Prepaid cell phone carrier MetroPCS has seen some early success in the mobile market by offering discount unlimited prepaid wireless plans with no contracts. The company enjoys injecting disruptive pricing and no contract service into the wireless voice market, and has ... - read more at DSL Reports - News
NYSE: PCS - WednesdayMar 104:01 PM ET
6.61 +0.01  (+0.15%)
Vol: 4.76M
High: 6.70
Low: 6.54
Mkt Cap: 2.33B
52Wk High: 18.98
52Wk Low: 5.52
P/E: 13.49
Div: 0.00
Yield: 0.00
1d | 1m | 3m | 6m | 1y | 5y | 10y
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Financial Performance
Income (in thousands of USD) 3 months ending
2009-12-31
12 months ending
2009-12-31
Revenue 929,981 3,480,515
Net Income 33,125 176,844
Balance Sheet (in thousands of USD)
Current Assets 1,491,391 1,491,391
Total Assets 7,386,017 7,386,017
Current Liabilities 797,469 797,469
Total Liabilities 5,097,875 5,097,875
Total Shareholders Equity 2,288,142 2,288,142
Cash Flow (in thousands of USD)
Cash from Operating Activity 119,935 899,349
Cash from Investing Activity -222,100 -1,116,954
Cash from Financing Activity 75,968 449,038
Change in Cash -26,197 231,433
Key Stats 3 months ending
2009-12-31
Trailing 12 Months
Gross Profit Margin 41.91% 42.41%
Net Profit Margin 3.56% 5.08%
Return on Assets 0.45% 2.39%
Return on Equity 1.45% 7.73%
Return on Invested Capital -- --
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