MetroPCS Announces a $739 Million Investment Led by Madison Dearborn Partners/TA Associates

Dallas, October 5, 2005 - MetroPCS Communications, Inc announced today that Madison Dearborn Partners, LLC and TA Associates, two leading buyout and private equity firms, are each investing $300 million to complete a $739 million minority equity investment in MetroPCS. The Company will use $50 million of the proceeds as working capital to fund its expansion into new markets, including Dallas and Detroit, with the remaining proceeds paid to certain existing stockholders of MetroPCS to purchase their stock. Madison Dearborn Partners and TA Associates will be joined in the investment by some of their common limited partners.

"We are pleased that Madison Dearborn Partners and TA Associates have made this investment and offer to our shareholders," said Roger D. Linquist, President, CEO and Chairman of MetroPCS. "The tender offer provides a liquidity option to our investors, many of whom have been long time investors in our company and have substantial gains in their investments. The attractive terms of the tender offer reflect the strong operating progress of the Company over the last few years, including growth in EBITDA and more than doubling its licensed population in major markets over the last year. More importantly, it will add additional expertise of two highly regarded investment groups. Their investment affirms the value of our business model, and we look forward to working with them as MetroPCS continues its growth."

Our current investors in MetroPCS include Accel Partners, Battery Ventures, MC Venture Partners, Columbia Capital and a number of other major venture firms. The tender offer is expected to conclude before the end of October 2005.

Bear, Stearns & Co. Inc. acted as financial advisor to MetroPCS Communications, Inc. Vinson & Elkins LLP provided legal counsel to MetroPCS Communications, Inc.
Goodwin Procter LLP provided legal counsel to Madison Dearborn Partners and TA Associates.

About MetroPCS Communications, Inc.
Dallas-based MetroPCS Communications, Inc. is a provider of wireless communications services. MetroPCS holds 23 licenses through its subsidiaries in the greater Miami, Tampa, Sarasota, Atlanta, San Francisco, Dallas, Detroit and Sacramento metropolitan areas. MetroPCS has over 1.5 million subscribers and offers customers flat rate plans with unlimited anytime local and domestic 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.

About Madison Dearborn Partners
Madison Dearborn Partners, based in Chicago, is one of the largest and most experienced private equity investment firms in the United States. MDP has approximately $8 billion of equity capital under management, and makes new investments through its most recent fund, Madison Dearborn Capital Partners IV, L.P., a $4 billion investment fund raised in 2001. MDP invests in management buyout and growth equity transactions across a broad spectrum of industries. More information about MDP can be found at www.mdcp.com.

About TA Associates
Founded in 1968, TA Associates is one of the largest and most experienced private equity firms. With offices in Boston, Menlo Park and London, the firm manages over $6 billion in capital and has invested in more than 350 companies. TA Associates provides growth equity capital, leveraged recapitalization and management buyout financing primarily for technology, financial and business services, healthcare and consumer businesses. More information about TA Associates can be found at www.ta.com.

Media Contact:
Diane McKenna
214.265.2595
dmckenna@metropcs.com

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

Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995: Statements made in connection with this release which are not historical fact, such as forward-looking statements concerning future financial performance and growth, involve risk and uncertainties. Such statements are subject to various factors that could cause actual results to differ materially from those set forth in the forward-looking statements. Any forward-looking statements represent the best judgment of Madison Dearborn Partners, LLC, TA Associates, and MetroPCS Communications, Inc., as of the date of this release. Madison Dearborn Partners, LLC, TA Associates, and MetroPCS Communications, Inc., disclaim any intent or obligation to update any forward-looking statements.

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