David Sharbutt

David Sharbutt, chairman and chief executive officer of Alamosa Holdings, Inc., said: “We are pleased to accept Sprint’s offer to acquire our company. We have enjoyed a successful business relationship with Sprint that has benefited both companies. We not only helped Sprint build the nation’s best nationwide wireless network, but also successfully brought the Sprint suite of products and services to our territories over the past 6 years. Our shareholders and employees can be proud of our results and the value that we have created in Alamosa.”

Alamosa Holdings, based in Lubbock, Texas, provides Sprint PCS services in 19 states, serving approximately 1.48 million direct wireless subscribers in 242 customer service areas (CSA’s). It is the largest Sprint PCS wireless Affiliate (based on number of subscribers) and has reported superior operating metrics, including the highest penetration and lowest churn rates of the Sprint PCS Affiliates. Alamosa employs about 1,300 people and had pro forma (for the acquisition of AirGate completed in the 1st Quarter of 2005) revenues for the twelve months ended September 30, 2005 of $1,318 million. With this acquisition, Sprint has announced agreements to acquire more than 2.3 million Sprint PCS affiliate customers.

On Aug. 8, 2005, Alamosa filed a complaint against Sprint regarding certain exclusivity covenants Sprint had with Alamosa’s subsidiary AirGate. As part of the agreement, Sprint Nextel and AirGate will seek an immediate stay of litigation pending in the Delaware Court of Chancery with a final resolution to become effective upon closing of the acquisition.

About Alamosa :

Alamosa Holdings, Inc. is the largest (based on number of subscribers) Sprint PCS Affiliate of Sprint Nextel (NYSE:S), which operates the largest alldigital, all-CDMA Third-Generation (3G) wireless network in the United States. Alamosa has the exclusive right to provide digital wireless mobile communications network services under the Sprint Nextel brand name throughout its designated territory located in Texas, New Mexico, Oklahoma, Arizona, Colorado, Utah, Wisconsin, Minnesota, Missouri, Washington, Oregon, Arkansas, Kansas, Illinois, California, and subsequent to year end in Georgia, South Carolina, North Carolina and Tennessee which includes licensed population of 23.2 million residents.