MetroPCS, Inc. Announces Completion of its Tender Offer for its 10% Senior Notes Due 2011

DALLAS (May 31, 2005) - MetroPCS, Inc. ("MetroPCS") announced today that it has completed its previously announced cash tender offer (the "Tender Offer") relating to its 10% Senior Notes due 2011 (the "Notes"). MetroPCS received valid tenders and consents from holders of 100% of the outstanding Notes. On May 31, MetroPCS accepted and purchased the Notes for total consideration of $1,192.72, plus accrued and unpaid interest, for each $1,000 principal amount of Notes. As a result of the Tender Offer, no Notes remain outstanding.

MetroPCS also announced today that it has successfully completed financing arrangements to borrow $750,000,000 from a private syndicate led by Bear, Stearns & Co. Inc., Bear Stearns Corporate Lending Inc. and Merrill Lynch & Co. This financing will be used by MetroPCS, among other things, to fund network construction, to redeem all outstanding Notes in the Tender Offer, to repay debt under an existing bridge facility, to repay debt to the Federal Communications Commission and to pay certain other indebtedness and obligations of MetroPCS and its affiliates.

About MetroPCS, Inc.
Dallas-based MetroPCS, Inc. is a wholly owned subsidiary of MetroPCS Communications, Inc. and a provider of wireless communications services. Through its subsidiaries, MetroPCS, Inc. holds 23 PCS licenses in the greater Miami, Tampa, Sarasota, San Francisco, Atlanta, Dallas, Detroit and Sacramento metropolitan areas.

MetroPCS offers customers flat rate plans with unlimited anytime local and long distance minutes with no contract. MetroPCS is among the first wireless operators to deploy an all-digital network based on third generation infrastructure and handsets. For more information, visit the MetroPCS web site at www.metropcs.com.


FOR IMMEDIATE RELEASE
Media Contact:
Diane McKenna
214.265.2595
dmckenna@metropcs.com

Investor Relations Contact:
Suzi Sharp
214.265.2558
ssharp@metropcs.com

^^TOP