Alamosa Announces Dividend and Record Date for Convertible Preferred Stock

Alamosa Holdings, Inc. (Nasdaq/NM: APCS), today
announced its dividend and record dates for its 7.5% Series B
Convertible Preferred Stock.
   The record date for the dividend payment is January 17, 2006,
payable on January 31, 2006 at an annual rate of 7.5% of the $250 per
share liquidation preference. Through July 31, 2008, Alamosa Holdings
has the option to pay dividends on the Series B Convertible Preferred
Stock in: (1) cash, (2) shares of the Alamosa Holdings' Series C
Convertible Preferred Stock, (3) shares of Alamosa Holdings common
stock or (4) a combination thereof. The Company's Board of Directors
has elected to pay the full amount of the January 31, 2006 dividend in
cash.

   ABOUT ALAMOSA

   Alamosa is the largest (based on number of subscribers) Sprint PCS
Affiliate of Sprint Nextel, which operates the largest all-digital,
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, Georgia,
South Carolina, North Carolina and Tennessee, which includes a
licensed population of 23.2 million residents.

   FORWARD LOOKING STATEMENTS

   A number of the matters discussed in this document that are not
historical or current facts deal with potential future circumstances
and developments, in particular, information regarding the acquisition
of Alamosa. The discussion of such matters is qualified by the
inherent risks and uncertainties surrounding future expectations
generally, and also may materially differ from actual future
experience involving any one or more of such matters. Such risks and
uncertainties include: satisfaction of various conditions to the
closing of the merger contemplated by the merger agreement and the
risks that have been described from time to time in Alamosa's reports
filed with the SEC, including its annual report on Form 10-K for the
year ended December 31, 2004 as amended, and its quarterly reports on
Form 10-Q filed in 2005. This document speaks only as of its date, and
Alamosa disclaims any duty to update the information herein.