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MetroPCS Signs Asset and Spectrum Purchase Agreements for Jacksonville, FL

MetroPCS Communications, Inc. announced that through one of its subsidiaries, it has entered into a license purchase agreement with PTA Communications, Inc. for the acquisition of 10 MHz of personal communication services (PCS) spectrum for the Jacksonville, Fla. basic trading area.

MetroPCS has also entered into agreements with NTCH, Inc. and PTA-FLA, Inc. for the purchase of its subscribers and certain of their network assets used by them in providing PCS wireless telecommunications services in Jacksonville. These acquisitions, combined with the additional wireless sites MetroPCS plans to build in Jacksonville, will allow MetroPCS to begin offering service during the second quarter of 2008 to an estimated population of approximately 1.5 million people.

Consummation of both acquisitions is conditioned on customary closing conditions and the license purchase agreement also requires approval by the Federal Communications Commission (FCC).

“Residents in Jacksonville will soon be able to enjoy our unlimited, flat-rate, simple and affordable plans,” said Roger Linquist, chairman of the board, president and chief executive officer of MetroPCS. “We look forward to providing future MetroPCS subscribers with coverage in Jacksonville and to further expanding our extensive Florida coverage for our current subscribers.”

Dallas-based MetroPCS Communications, Inc. is a provider of unlimited wireless communication service for a flat-rate with no signed contract. MetroPCS owns licenses or has access to wireless spectrum covering a population of approximately 140 million people in 14 of the top 25 largest metropolitan areas in the United States. As of September 30, 2007, MetroPCS had approximately 3.7 million subscribers and offers service in the Miami, Orlando, Daytona, Melbourne, Sarasota, Tampa, Atlanta, Dallas, Detroit, Los Angeles, San Francisco, and Sacramento metropolitan areas.

Source:
http://www.pegasusnews.com/news/2008/jan/09/dallas-based-metropcs-signs-asset-and-spectrum-pur/


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