IPO Profile

MetroPCS Communications
8144 Walnut Hill Lane, Suite 800 Dallas, Texas 75231
Tel: 214-265-2550
Web:
Ticker: MPCS
Stock Exchange: Nasdaq
Shares Issued: 24,000,000.00
Price Offered: $0.00
Amount Raised: $504,000,000.00

Underwriters:
Bear Stearns & Co.
Merrill Lynch & Co.
UBS Investment Bank
J.P. Morgan
Thomas Weisel Partners LLC

Company Description:
We are the fastest growing wireless communications provider in the United States, measured by annual percentage growth in customers and revenue. We are also among the fastest growing U.S. wireless communications providers based on percentage growth in adjusted EBITDA. We offer simple, affordable and unlimited wireless voice and data services to the mass market. Currently, we offer our services in the San Francisco, Miami, Atlanta and Sacramento metropolitan areas, which include a total population of 22.6 million people. We launched service in all of our markets in the first quarter of 2002, except for San Francisco which we launched in September 2002. We reported positive adjusted EBITDA and positive net income after four quarters of operations and one million customers after eight quarters of operations. We believe that we reached these growth and profitability milestones significantly faster than any other U.S. wireless carrier and that our highly differentiated service offering will allow us to continue to penetrate our existing markets and drive further growth in profitability. In addition, we believe our unique wireless mobility services can be successfully introduced in new markets, and we continue to assess expansion opportunities in markets that we consider attractive. For the year ended December 31, 2003, we reported revenues of $459.5 million, adjusted EBITDA of $95.5 million and net income of $20.6 million.