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MetroPCS's profit more than doubles

from The Wall Street Journal

MetroPCS Communications Inc.'s third-quarter earnings more than doubled as the prepaid wireless-service provider posted higher revenue and saw a $53 million gain from a securities settlement. MetroPCS, which offers flat-rate wireless services without annual contracts, has seen stronger revenue in recent quarters as launching a 4G network and offering smartphones helped to attract new customers. But its bottom-line performance has been mixed over the past year due in part to higher promotional handset costs. more


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