NEW YORK, NY -- (Marketwire) -- 09/28/12 -- The Wireless Communications Industry has benefited from the rapidly growing demand for smartphones. It is estimated that more than 50 percent of all cellphone users in the U.S. carry a smartphone. The S&P 500 Telecommunication Services Sector Index has gained nearly 22 percent year-to-date, outpacing the S&P 500 Index gain of 14 percent over the same period. The Paragon Report examines investing opportunities in the Wireless Communications Industry and provides equity research on MetroPCS Communications Inc. (NYSE: PCS) and Leap Wireless International, Inc. (NASDAQ: LEAP).
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Recent data has shown that while consumers have cut back spending on amenities coming out of the recession their spending on their phone bills has increased. According to data released from the Labor Department earlier this week in 2011 spending on phone services in the U.S. increased by 4 percent, which was the fastest rate in nearly 7 years. Wireless carriers -- such as Verizon and AT&T -- had mobile services revenues of 22 billion in 2007, which then soared to 59 billion by 2011, according to UBS AG analysts. UBS expects that number to rise to $109 billion by 2017.
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MetroPCS is the fifth largest facilities-based wireless carrier in the United States based on number of subscribers served. As of June 30, 2012, MetroPCS had approximately 9.3 million subscribers. The company is scheduled to release its third quarter 2012 results on Tuesday, October 30, 2012.
Leap's Cricket is the pioneer and leader in delivering innovative value-rich prepaid wireless services with no long-term contracts serving approximately 6 million customers. Cricket offers wireless voice and mobile data services over the latest, high-quality, all-digital 4G (LTE) and 3G CDMA wireless networks. Cricket will begin selling the iPhone 5 in select markets on September 28.
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