MetroPCS Communications, Inc. (PCS)

[bowonwing]

4G service plans: $55 and $60 w/voice, data and texting, w/taxes and fees.

September 21, 2010 S&P MAINTAINS STRONG BUY OPINION ON SHARES OF
METROPCS COMMUNICATIONS (PCS 9.84): PCS announced this morning
the launch of LTE or 4G service in Las Vegas, Nevada, its first 4G market. PCS will
offer two 4G service plans for $55 and $60 that include voice, data and texting,
inclusive of taxes and fees. PCS also introduced the first LTE handset, the
Samsung Craft, which will be available for $299 after rebates.We continue to
believe PCS's rapid move to LTE will help differentiate it from the competition and
should make it an attractive acquisition candidate.We maintain our 12-month
target price of $15, based on enterprise value/EBITDA peer analysis. /J.Moorman, CFA