MetroPCS Stock Falls 35 Percent as Growth Slows

MetroPCS Communications Inc. reported a sharp slowdown in subscriber growth as the sputtering U.S. economy forced customers to drop their wireless service, a trend the company sees continuing.

The news weighed on MetroPCS’s second-quarter results and erased as much as 35 percent of the company’s market value Tuesday. Rival Leap Wireless International Inc., which reports its results Wednesday, saw its shares fall up to 18 percent.

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