Alamosa and Sprint PCS Announce Change in 'Travel' Rate

Company Reaffirms Guidance, Expects to Be EBITDA Positive for Full Year 2002



Apr 27, 2001, 01:00 ET from Alamosa Holdings, Inc.

    LUBBOCK, Texas and KANSAS CITY, Mo., April 27 /PRNewswire/ --
 Alamosa Holdings, Inc. (Nasdaq:   APCS), the largest Sprint PCS (NYSE:   PCS)
 Network Partner with 15.4 million POPs, today announced that Sprint and the
 Sprint PCS affiliates have reached an agreement in principle to reduce the
 reciprocal rate exchanged between Sprint PCS and its affiliates for customers
 who "travel" into the other party's territory.  This will not have any impact
 on the rates that Sprint PCS customers pay for their wireless service.
     The rate, which has remained constant since Sprint introduced the
 affiliate program in 1998, will be reduced from the current 20 cents per
 minute of use to 15 cents beginning June 1, 2001, and to 12 cents beginning
 October 1, 2001.  Beginning January 1, 2002, and for the remainder of the term
 of the individual agreements, the rate will be adjusted to provide a fair and
 reasonable return on the cost of the underlying network, or approximately
 10 cents in 2002.
     When the affiliate program was first developed in 1998, Sprint PCS had a
 large base of customers who were anxiously awaiting the buildout of the
 affiliate networks.  The rates that were established at that time reflected
 market pricing and network costs.  Travel usage also provided an immediate
 source of revenues for the affiliates, as they commenced construction of their
 networks.  Since that time, network costs have continued to decrease as the
 business has matured.
     "We have successfully built out our networks and launched Sprint PCS in
 our service areas and the adjusted travel rate reflects changing costs and
 market conditions," said David E. Sharbutt, CEO of Alamosa Holdings and a
 representative of the Sprint PCS affiliate executive council.  "We are pleased
 to have established the principle with Sprint PCS for determining the travel
 rate that provides certainty in our long-term agreement during a time in which
 the wireless industry continues to evolve.
     "Additionally, we are reconfirming our previous guidance that we expect to
 be EBITDA positive for the full year 2002," continued Mr. Sharbutt.  "The
 trend in the ratio of inbound minutes to outbound minutes has consistently
 declined due to the rapid growth of Alamosa subscribers, and was approximately
 1.2-to-1 for the month of March 2001.  This new travel rate plan should not
 have any material effect on our business plan."
     Alamosa Holdings, Inc. is the largest Sprint PCS Network Partner providing
 Sprint PCS wireless personal communication services in twelve states in the
 United States.  Alamosa has the exclusive right to provide digital wireless
 mobile communications network services under the Sprint PCS brand throughout
 its designated territory located in Texas, New Mexico, Arizona, Colorado,
 Wisconsin, Missouri, Washington, Oregon, Arkansas, Kansas, Illinois and
 California.  Alamosa's territory includes licensed population of 15.4 million
 residents.
 
     About Sprint
     Sprint is a world-class global communications company -- at the forefront
 of integrating wireline and wireless communications services.  Sprint is a
 large carrier of Internet traffic and a leader in broadband communications.
 The company built and operates the United States' first nationwide all-
 digital, fiber-optic network and provides a portfolio of advanced data
 communications services.  It operates the largest 100-percent digital,
 100-percent nationwide PCS wireless network in the United States, already
 serving the majority of the nation's metropolitan areas, including more than
 4,000 cities and communities across the country.  Sprint has $23 billion in
 annual revenues and serves more than 23 million business and residential
 customers.  For more information, visit the Sprint PCS web site at
 http://www.sprintpcs.com.
 
     Statements contained in this news release that are forward-looking
 statements, such as statements containing terms such as can, may, will,
 expect, plan, and similar terms, are subject to various risks and
 uncertainties.  Such forward looking statements are made pursuant to the
 "safe-harbor" provisions of the private Securities Litigation Reform Act of
 1995 and are made based on management's current expectations or beliefs as
 well as assumptions made by, and information currently available to,
 management.  A variety of factors could cause actual results to differ
 materially from those anticipated in Alamosa's forward-looking statements,
 including the following factors: Alamosa's dependence on its affiliation with
 Sprint PCS; shifts in populations or network focus; changes or advances in
 technology; changes in Sprint's national service plans or fee structure with
 us; change in population; difficulties in network construction; increased
 competition in our markets; failure to consummate anticipated acquisitions and
 adverse changes in financial position, condition or results of operations.
 For a detailed discussion of these and other cautionary statements and factors
 that could cause actual results to differ from Alamosa's forward-looking
 statements, please refer to Alamosa's filings with the Securities and Exchange
 Commission, especially in the "risk factors" sections of Alamosa's
 Prospectuses filed on February 4, 2000, its Form 10-K for the year ended
 December 31, 2000 and in subsequent filings with the Securities and Exchange
 Commission.
 
      Contacts:  Kendall Cowan, CFO
                 Alamosa Holdings, Inc.
                 806-722-1100
                 kcowan@alamosapcs.com
 
                 Ken Dennard, kdennard@easterly.com
                 Lisa Elliott, lisae@easterly.com
                 Easterly Investor Relations
                 713-529-6600
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X83940685
 
 

SOURCE Alamosa Holdings, Inc.
    LUBBOCK, Texas and KANSAS CITY, Mo., April 27 /PRNewswire/ --
 Alamosa Holdings, Inc. (Nasdaq:   APCS), the largest Sprint PCS (NYSE:   PCS)
 Network Partner with 15.4 million POPs, today announced that Sprint and the
 Sprint PCS affiliates have reached an agreement in principle to reduce the
 reciprocal rate exchanged between Sprint PCS and its affiliates for customers
 who "travel" into the other party's territory.  This will not have any impact
 on the rates that Sprint PCS customers pay for their wireless service.
     The rate, which has remained constant since Sprint introduced the
 affiliate program in 1998, will be reduced from the current 20 cents per
 minute of use to 15 cents beginning June 1, 2001, and to 12 cents beginning
 October 1, 2001.  Beginning January 1, 2002, and for the remainder of the term
 of the individual agreements, the rate will be adjusted to provide a fair and
 reasonable return on the cost of the underlying network, or approximately
 10 cents in 2002.
     When the affiliate program was first developed in 1998, Sprint PCS had a
 large base of customers who were anxiously awaiting the buildout of the
 affiliate networks.  The rates that were established at that time reflected
 market pricing and network costs.  Travel usage also provided an immediate
 source of revenues for the affiliates, as they commenced construction of their
 networks.  Since that time, network costs have continued to decrease as the
 business has matured.
     "We have successfully built out our networks and launched Sprint PCS in
 our service areas and the adjusted travel rate reflects changing costs and
 market conditions," said David E. Sharbutt, CEO of Alamosa Holdings and a
 representative of the Sprint PCS affiliate executive council.  "We are pleased
 to have established the principle with Sprint PCS for determining the travel
 rate that provides certainty in our long-term agreement during a time in which
 the wireless industry continues to evolve.
     "Additionally, we are reconfirming our previous guidance that we expect to
 be EBITDA positive for the full year 2002," continued Mr. Sharbutt.  "The
 trend in the ratio of inbound minutes to outbound minutes has consistently
 declined due to the rapid growth of Alamosa subscribers, and was approximately
 1.2-to-1 for the month of March 2001.  This new travel rate plan should not
 have any material effect on our business plan."
     Alamosa Holdings, Inc. is the largest Sprint PCS Network Partner providing
 Sprint PCS wireless personal communication services in twelve states in the
 United States.  Alamosa has the exclusive right to provide digital wireless
 mobile communications network services under the Sprint PCS brand throughout
 its designated territory located in Texas, New Mexico, Arizona, Colorado,
 Wisconsin, Missouri, Washington, Oregon, Arkansas, Kansas, Illinois and
 California.  Alamosa's territory includes licensed population of 15.4 million
 residents.
 
     About Sprint
     Sprint is a world-class global communications company -- at the forefront
 of integrating wireline and wireless communications services.  Sprint is a
 large carrier of Internet traffic and a leader in broadband communications.
 The company built and operates the United States' first nationwide all-
 digital, fiber-optic network and provides a portfolio of advanced data
 communications services.  It operates the largest 100-percent digital,
 100-percent nationwide PCS wireless network in the United States, already
 serving the majority of the nation's metropolitan areas, including more than
 4,000 cities and communities across the country.  Sprint has $23 billion in
 annual revenues and serves more than 23 million business and residential
 customers.  For more information, visit the Sprint PCS web site at
 http://www.sprintpcs.com.
 
     Statements contained in this news release that are forward-looking
 statements, such as statements containing terms such as can, may, will,
 expect, plan, and similar terms, are subject to various risks and
 uncertainties.  Such forward looking statements are made pursuant to the
 "safe-harbor" provisions of the private Securities Litigation Reform Act of
 1995 and are made based on management's current expectations or beliefs as
 well as assumptions made by, and information currently available to,
 management.  A variety of factors could cause actual results to differ
 materially from those anticipated in Alamosa's forward-looking statements,
 including the following factors: Alamosa's dependence on its affiliation with
 Sprint PCS; shifts in populations or network focus; changes or advances in
 technology; changes in Sprint's national service plans or fee structure with
 us; change in population; difficulties in network construction; increased
 competition in our markets; failure to consummate anticipated acquisitions and
 adverse changes in financial position, condition or results of operations.
 For a detailed discussion of these and other cautionary statements and factors
 that could cause actual results to differ from Alamosa's forward-looking
 statements, please refer to Alamosa's filings with the Securities and Exchange
 Commission, especially in the "risk factors" sections of Alamosa's
 Prospectuses filed on February 4, 2000, its Form 10-K for the year ended
 December 31, 2000 and in subsequent filings with the Securities and Exchange
 Commission.
 
      Contacts:  Kendall Cowan, CFO
                 Alamosa Holdings, Inc.
                 806-722-1100
                 kcowan@alamosapcs.com
 
                 Ken Dennard, kdennard@easterly.com
                 Lisa Elliott, lisae@easterly.com
                 Easterly Investor Relations
                 713-529-6600
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X83940685
 
 SOURCE  Alamosa Holdings, Inc.