Alamosa Closes Third Network Partner Transaction; Gains Additional Territory

Apr 02, 2001, 01:00 ET from Alamosa Holdings, Inc.

    LUBBOCK, Texas, April 2 /PRNewswire/ --
 Alamosa Holdings, Inc. (Nasdaq:   APCS), announced that it has completed its
 merger with Southwest PCS Holdings, Inc. (Southwest) on March 30, 2001.  The
 Southwest acquisition increases Alamosa's licensed population by 2.8 million.
 Concurrent with the acquisition of Southwest, Alamosa has also gained the
 right to service additional territory from Sprint PCS (NYSE:   PCS) totaling
 approximately 115,000 residents in the Russellville and Little Rock, Ark.
 BTAs.  The combination of the Southwest acquisition and expansion area from
 Sprint PCS brings Alamosa's licensed population to approximately 15.4 million
 residents, further solidifying its position as the largest Sprint PCS Network
 Partner.  Alamosa subscribers, on a pro forma combined basis, totaled
 approximately 206,000 at December 31, 2000, of which 40,000 were from
 Southwest.
     Southwest operates in Oklahoma, North Central Texas, Central Kansas and
 Western Arkansas.  The territory contains approximately 1,400 miles of major
 highways including I-40 and the I-35 NAFTA corridor.  Southwest has
 substantially completed its required build-out under its Network Partner
 agreement with Sprint PCS.  Alamosa Holdings issued 11.1 million shares and
 paid $5 million in cash to Southwest's stockholders and assumed approximately
 $80 million in debt.
     Alamosa also increased the amount of its senior secured credit facility
 from $280 million to $333 million.  The additional $53 million was used to pay
 off the secured portion of Southwest's $80 million of debt assumed by Alamosa.
     "Southwest represents a valuable addition to Alamosa," said David E.
 Sharbutt, chairman and chief executive officer of Alamosa.  "Alamosa's
 footprint is now contiguous from the southwestern region of the United States
 through the Midwest.  We expect the combination of our two companies to
 enhance value for our shareholders.  We are very pleased that this transaction
 came together very quickly and we also expect Southwest to be fully integrated
 into Alamosa rapidly."
     Alamosa Holdings, Inc. is the largest Sprint PCS Network Partner providing
 Sprint PCS wireless mobility communications network services in the
 southwestern, northwestern and midwestern United States.  Alamosa has the
 exclusive right to provide digital wireless mobile communications network
 services under the Sprint PCS brand throughout its designated territory
 primarily located in Texas, New Mexico, Arizona, Colorado, Washington, Oregon,
 Missouri, Kansas and Wisconsin.  www.alamosapcs.com
     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.
 Sprint built and operates the United States' first nationwide all-digital,
 fiber-optic network and provides a portfolio of advanced data communications
 services.  Sprint operates the largest 100-percent digital, 100-percent PCS
 nationwide 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, 1999 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, Managing Partner
                 Easterly Investor Relations
                 713-529-6600
                 kdennard@easterly.com
 
 

SOURCE Alamosa Holdings, Inc.
    LUBBOCK, Texas, April 2 /PRNewswire/ --
 Alamosa Holdings, Inc. (Nasdaq:   APCS), announced that it has completed its
 merger with Southwest PCS Holdings, Inc. (Southwest) on March 30, 2001.  The
 Southwest acquisition increases Alamosa's licensed population by 2.8 million.
 Concurrent with the acquisition of Southwest, Alamosa has also gained the
 right to service additional territory from Sprint PCS (NYSE:   PCS) totaling
 approximately 115,000 residents in the Russellville and Little Rock, Ark.
 BTAs.  The combination of the Southwest acquisition and expansion area from
 Sprint PCS brings Alamosa's licensed population to approximately 15.4 million
 residents, further solidifying its position as the largest Sprint PCS Network
 Partner.  Alamosa subscribers, on a pro forma combined basis, totaled
 approximately 206,000 at December 31, 2000, of which 40,000 were from
 Southwest.
     Southwest operates in Oklahoma, North Central Texas, Central Kansas and
 Western Arkansas.  The territory contains approximately 1,400 miles of major
 highways including I-40 and the I-35 NAFTA corridor.  Southwest has
 substantially completed its required build-out under its Network Partner
 agreement with Sprint PCS.  Alamosa Holdings issued 11.1 million shares and
 paid $5 million in cash to Southwest's stockholders and assumed approximately
 $80 million in debt.
     Alamosa also increased the amount of its senior secured credit facility
 from $280 million to $333 million.  The additional $53 million was used to pay
 off the secured portion of Southwest's $80 million of debt assumed by Alamosa.
     "Southwest represents a valuable addition to Alamosa," said David E.
 Sharbutt, chairman and chief executive officer of Alamosa.  "Alamosa's
 footprint is now contiguous from the southwestern region of the United States
 through the Midwest.  We expect the combination of our two companies to
 enhance value for our shareholders.  We are very pleased that this transaction
 came together very quickly and we also expect Southwest to be fully integrated
 into Alamosa rapidly."
     Alamosa Holdings, Inc. is the largest Sprint PCS Network Partner providing
 Sprint PCS wireless mobility communications network services in the
 southwestern, northwestern and midwestern United States.  Alamosa has the
 exclusive right to provide digital wireless mobile communications network
 services under the Sprint PCS brand throughout its designated territory
 primarily located in Texas, New Mexico, Arizona, Colorado, Washington, Oregon,
 Missouri, Kansas and Wisconsin.  www.alamosapcs.com
     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.
 Sprint built and operates the United States' first nationwide all-digital,
 fiber-optic network and provides a portfolio of advanced data communications
 services.  Sprint operates the largest 100-percent digital, 100-percent PCS
 nationwide 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, 1999 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, Managing Partner
                 Easterly Investor Relations
                 713-529-6600
                 kdennard@easterly.com
 
 SOURCE  Alamosa Holdings, Inc.