MetroPCS Responds to Leap Wireless

Business Wire, Sept 17, 2007

Reiterates Compelling Value of Proposed Merger to Leap Shareholders

Intends to Proceed as a Disciplined Buyerand Will Review Its Options

DALLAS -- MetroPCS Communications, Inc. (NYSE: PCS), the nation's leading provider of unlimited wireless communications service for a flat rate with no signed contract, today responded to the announcement by Leap Wireless International, Inc. (NASDAQ: LEAP) that Leap's Board of Directors has rejected as inadequate MetroPCS' merger proposal to create a new national wireless carrier.

"We are disappointed that Leap has chosen to reject our strategic stock-for-stock tax-free merger proposal to create a new national wireless carrier," said Roger D. Linquist, MetroPCS' Chairman of the Board and Chief Executive Officer. "The contacts we have had with a number of Leap's shareholders indicate that they want to see a combination of our two companies happen without unnecessary delay. It appears that Leap's Board is ignoring the will of its shareholder base. Leap's response does not change our firm belief in the strategic and financial merits of our proposal. We continue to believe strongly in our prospects as a stand-alone company and that our proposal of 2.7500 shares of MetroPCS common stock for each share of Leap is full and fair. Consequently, we intend to proceed as a disciplined buyer to review all of our options at this time and will not take any action that we believe would disadvantage our shareholders."

MetroPCS has significant near term growth opportunities, which it believes are not fully reflected in the Company's current stock price, and which, based on the proposed exchange ratio, offer Leap shareholders substantial additional value. Over the next six to eight quarters, MetroPCS expects to enhance value through new market launches as well as ongoing increased penetration in existing markets.

MetroPCS' specific stand-alone opportunities are described in greater detail below.

* Los Angeles Launch

MetroPCS will launch its service in Los Angeles on Wednesday, September 19, 2007. Los Angeles is a unique and significant opportunity for MetroPCS. In addition to being the second largest market in the United States, Los Angeles has extremely high population density in target coverage areas and has perfect demographics for MetroPCS' service offerings. As previously indicated, MetroPCS expects to cover approximately 11 million POPs initially at launch with over 400 authorized dealer locations. It should be noted that the incremental economic opportunity MetroPCS will enjoy in Los Angeles is roughly equivalent to all of Leap's top five existing markets in operation combined, which based on licensed population includes Houston, Phoenix, San Diego, Denver and Pittsburgh. In addition, MetroPCS' experience in its other major markets, suggests that Los Angeles could be MetroPCS' most successful launch ever.

* New York, Philadelphia and Boston Launches

MetroPCS reiterates that it is on track to launch service in New York, Philadelphia and Boston in late 2008 or early 2009. New York is the largest market in the United States and has the highest population density in the nation. Philadelphia and Boston, the sixth and eleventh largest markets in the United States, respectively, are complementary to the New York metro market and will round out the northeast corridor for MetroPCS. MetroPCS continues to believe that the largest and most densely populated markets in the United States present the greatest opportunities for its unique business model. With these markets and Los Angeles, MetroPCS is positioned to offer services in 9 of the top 12 markets in the United States by 2009.

* Penetration Opportunities

Since launching service in its first market five years ago, MetroPCS has achieved an aggregate core market penetration of 11.2% with incremental penetration of 1.6% in the 12 months ended June 30, 2007, demonstrating that MetroPCS' strong momentum continues. MetroPCS has achieved rapid acceptance of its services as evidenced by the penetration in its expansion markets progressing faster than penetration in its core markets for the same period of time after launch.

MetroPCS believes that its proposal provides full and fair value to Leap shareholders and is compelling for many reasons, including:

* Substantial Synergies. As 34.6% owners of a new national wireless carrier, Leap shareholders would benefit proportionately from the significant upside resulting from the enhanced operating and financial performance of the combined company. MetroPCS' and Leap's existing market operations are complementary and MetroPCS believes that the combined company, as a result of the expanded service area, would likely benefit from incremental improvements in customer penetration and retention. In addition, MetroPCS believes that the combined company would achieve meaningful operating cost savings through a combination of market-level operating efficiencies and corporate overhead reductions. Based on preliminary analysis, MetroPCS believes that the net present value of these opportunities could be approximately $2.5 billion, or approximately $12.34 for each share of Leap common stock based on the proposed exchange ratio.