Nov 5th, 2009 - Wall Street Journal
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(Updates with Leap results and additional background information throughout.)
NEW YORK (Dow Jones)--MetroPCS Communications Inc. (PCS) and Leap Wireless International Inc. (LEAP) both saw customer growth slide in the third quarter amid intensifying competitive pressure on the prepaid end of the wireless industry.
Leap and MetroPCS, which operate similar regionally based prepaid wireless services, both relied on new cities for growth in the period, but lost customers in their existing markets. Both cut their expectations for growth for the year.
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