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MetroPCS Communications Inc. shares fell Thursday after the low-cost wireless provider reported a higher quarterly profit but cut its full-year subscriber forecast, citing continued economic weakness in the U.S. and increasing wireless market competition.
Shares of MetroPCS Communications Inc. and Leap Wireless International Inc. fell Tuesday, with Goldman Sachs predicting disappointing quarterly results.
Shares of Leap Wireless International Inc. and MetroPCS Communications Inc. fell Thursday after a JPMorgan analyst downgraded both companies to "Neutral," saying rising competition in the prepaid wireless market presents a challenge for them.
Shares of MetroPCS Communications Inc. climbed Tuesday after a UBS analyst said the low-cost wireless carrier's shares have been oversold.
Wireless carrier MetroPCS Communications Inc. said Thursday its first-quarter profit jumped 11 percent, helped by a growing subscriber base as it expanded into the New York City and Boston areas.
Regional wireless carrier MetroPCS Communications Inc. has a new feature designed to lure families getting rid of their landlines. The new service gives families one number that rings all their cell phones at once.
Regional cellular carriers MetroPCS Communications Inc. and Leap Wireless International Inc. have made a business out of offering cheap talk plans, but their limited service areas have kept them tiny compared to the major national carriers.
MetroPCS Communications Inc. said Wednesday its third-quarter profit dropped 15 percent, weighed down by higher operating expenses.
Wireless carriers have taken over from wired phone companies as a stable investment in a poor economy, the chief executive of regional carrier MetroPCS Communications Inc. told analysts Thursday.
MetroPCS Communications Inc. has become the largest U.S. wireless carrier to say it will let customers bring cell phones from other carriers, which it will then reprogram for use on its own network.
MetroPCS Communications Inc., a wireless communication services provider, said Thursday it is withdrawing its $4.7 billion bid for Leap Wireless International Inc.
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