metropcs communications inc.'s (pcs) third-quarter profit rose a much better-than-expected 64% as the company cut costs but saw a higher churn rate and customer growth slow.

"in a seasonally slow quarter, we reported net additions that were below our expectations due primarily to elevated churn and a deceleration in gross additions," said chairman and uggs on sale chief executive roger linquist. "we believe this was the result of continued u.s. macro-economic weakness, an increasingly competitive environment, and upward adjustments we made to the price of certain handsets,"

prepaid wireless carriers such as metropcs, best known for its unlimited plan, have been in fierce competition with each other and postpaid carriers such as verizon communications inc. (vz) and at