DALLAS, May 16, 2012 /PRNewswire/ -- MetroPCS Communications, Inc.'s (NYSE: PCS) chairman and chief executive officer, Roger D. Linquist, today provided the following statement regarding the Federal Communications Commission's inquiry into Verizon Wireless' 700 MHz spectrum divestiture plans: MetroPCS Communications, Inc. welcomes the Commission's request for additional information and commitments from Verizon Wireless in connection with its proposed divestiture of 700 MHz spectrum. Any efforts to get unused spectrum into the hands of those who would put it to immediate use will enhance competition and innovation and help ease the current spectrum crunch. (Logo: http://photos.prnewswire.com/prnh/20100714/DA34639LOGO-b) About MetroPCS Communications, Inc.Dallas-based MetroPCS Communications, Inc. (NYSE: PCS) is a provider of no annual contract, unlimited wireless communications service for a flat-rate. MetroPCS is the fifth largest facilities-based wireless carrier in the United States based on number of subscribers served. With Metro USA(SM), MetroPCS customers can use their service in areas throughout the United States covering a population of over 280 million people. As of March 31, 2012, MetroPCS had approximately 9.5 million subscribers. For more information please visit www.metropcs.com. SOURCE MetroPCS Communications, Inc.
MetroPCS Communications (NYSE:PCS) hit a new 52-week high Thursday as it is currently trading at $16.62, above its previous 52-week high of $14.51 with 155,204 shares traded as of 9:31 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.