MetroPCS Communications, Inc. Reaffirms Commitment to Combination with T-Mobile USA

Thu Feb 7, 2013 2:45pm EST

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DALLAS,  Feb. 7, 2013  /PRNewswire/ -- MetroPCS Communications, Inc. (NYSE: PCS;
"MetroPCS" or the "Company") today reaffirmed its commitment to the proposed
combination of MetroPCS and T-Mobile  USA  announced  October 3, 2012  in
response to a letter from P. Schoenfeld Asset Management ("PSAM"), which says
our clients are shareholders of MetroPCS Communications, Inc. and own an
aggregate position of approximately 7,500,000 shares.  MetroPCS issued the
following statement:

"The MetroPCS Board of Directors and management team have been and remain
committed to acting in the best interests of all MetroPCS stockholders. The
Board believes that the proposed combination with T-Mobile is in the best
interests of MetroPCS and all MetroPCS stockholders and continues to recommend
that MetroPCS stockholders vote in favor of the proposed combination."

"As outlined in the Company's preliminary proxy statement on file with the
Securities and Exchange Commission, the pending transaction with T-Mobile is the
result of a thorough process that began over two years ago and included the
Board and a special committee of the Board considering a number of potential
transactions with different strategic partners. The Board and its special
committee, in consultation with the Company's and the special committee's
financial and legal advisors, will carefully review and consider the
perspectives provided in PSAM's letter."

About MetroPCS Communications, Inc.

Dallas-based MetroPCS Communications, Inc. (NYSE: PCS) is a provider of no
annual contract, unlimited wireless communications service for a flat-rate.
MetroPCS is the fifth largest facilities-based wireless carrier in  the United
States  based on number of subscribers served. With Metro  USA(SM), MetroPCS
customers can use their service in areas throughout  the United States  covering
a population of over 280 million people. As of  December 31, 2012, MetroPCS had
approximately 8.9 million subscribers. For more information please visit 
www.metropcs.com.



Additional Information and Where to Find It  

This document relates to a proposed transaction between MetroPCS and Deutsche
Telekom.  In connection with the proposed transaction, MetroPCS filed with the
Securities and Exchange Commission (the "SEC") a preliminary proxy statement on 
November 16, 2012, which it subsequently revised on  December 21, 2012,  January
10, 2013  and  January 25, 2013  (as revised, the "Preliminary Proxy
Statement"). The Preliminary Proxy Statement is not final and will be superseded
by a definitive proxy statement to be filed by MetroPCS with the SEC. Investors
and security holders are urged to read carefully the Preliminary Proxy Statement
and the definitive proxy statement and all other relevant documents filed with
the SEC or sent to stockholders as they become available because they will
contain important information about the proposed transaction. All documents,
when filed, will be available free of charge at the SEC's website (www.sec.gov).
You may also obtain these documents by contacting MetroPCS' Investor Relations
department at 214-570-4641, or via e-mail at  investor_relations@metropcs.com.
The definitive proxy statement will be mailed to MetroPCS' stockholders prior to
the meeting at which stockholders will be requested to vote on matters related
to the proposed transaction. This communication does not constitute a
solicitation of any vote or approval.  



Participants in the Solicitation  

MetroPCS and its directors and executive officers will be deemed to be
participants in any solicitation of proxies in connection with the proposed
transaction. Information about MetroPCS' directors and executive officers is
available in MetroPCS' proxy statement, dated  April 16, 2012, for its 2012
Annual Meeting of Stockholders. Other information regarding the participants in
the proxy solicitation and a description of their direct and indirect interests,
by security holdings or otherwise, is contained in the Preliminary Proxy
Statement and will be contained in the definitive proxy statement and other
relevant materials to be filed with the SEC regarding the proposed transaction
when they become available. Investors should read the definitive proxy statement
carefully when it becomes available before making any voting or investment
decisions.  

Cautionary Statement Regarding Forward-Looking Statements  

This document includes "forward-looking statements" for the purpose of the "safe
harbor" provisions within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. Any statements made in this document that are
not statements of historical fact, and statements about our beliefs, opinions,
projections, strategies, and expectations, are forward-looking statements and
should be evaluated as such. These forward-looking statements often include
words such as "anticipate," "expect," "suggests," "plan," "believe," "intend,"
"estimates," "targets," "views," "projects," "should," "would," "could," "may,"
"become," "forecast," and other similar expressions.  

All forward-looking statements involve significant risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements, many of which are generally outside the control of
MetroPCS, Deutsche Telekom and T-Mobile and are difficult to predict. Examples
of such risks and uncertainties include, but are not limited to, the possibility
that the proposed transaction is delayed or does not close, including due to the
failure to receive the required stockholder approvals or required regulatory
approvals, the taking of governmental action (including the passage of
legislation) to block the proposed transaction, the failure to satisfy other
closing conditions, the possibility that the expected synergies will not be
realized, or will not be realized within the expected time period, the
significant capital commitments of MetroPCS and T-Mobile, global economic
conditions, fluctuations in exchange rates, competitive actions taken by other
companies, natural disasters, difficulties in integrating the two companies,
disruption from the transaction making it more difficult to maintain business
and operational relationships, actions taken or conditions imposed by
governmental or other regulatory authorities and the exposure to litigation.
Additional factors that could cause results to differ materially from those
described in the forward-looking statements can be found in MetroPCS' 2011
Annual Report on Form 10-K, filed  February 29, 2012, and Quarterly Report on
Form 10-Q for the quarter ended  September 30, 2012, filed  October 30, 2012,
and other filings with the SEC available at the SEC's website (www.sec.gov).  

The forward-looking statements speak only as to the date made, are based on
current assumptions and expectations, and are subject to the factors above,
among others, and involve risks, uncertainties and assumptions, many of which
are beyond our ability to control or ability to predict. You should not place
undue reliance on these forward-looking statements. MetroPCS, Deutsche Telekom
and T-Mobile do not undertake a duty to update any forward-looking statement to
reflect events after the date of this document, except as required by law.  

(Logo:  http://photos.prnewswire.com/prnh/20121029/MM02011LOGO)  

SOURCE  Metro PCS Communications, Inc.


Investor Relations, Keith Terreri, Vice President - Finance & Treasurer, or Jim
Mathias, Director - Investor Relations, +1-214-570-4641,
investor_relations@metropcs.com

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