Alamosa Stockholders Approve Business Combination with Sprint Nextel

Alamosa Holdings, Inc. (Nasdaq/NM: APCS) announced that
at its Special Meeting of stockholders held today, stockholders of
Alamosa, representing an aggregate of 77% of the outstanding common
stock and series B convertible preferred stock of Alamosa, of which
99% voted for the proposal to adopt the merger agreement by and among
Sprint Nextel Corporation (NYSE: S), AHI Merger Sub Inc. and Alamosa
Holdings, Inc. and approve the merger of AHI Merger Sub Inc. with and
into Alamosa. Under the terms of the merger agreement, holders of
Alamosa common stock will receive $18.75 in cash for each share of
Alamosa common stock they hold. Holders of Alamosa series B
convertible preferred stock will receive $1,378.69 in cash (equivalent
to the amount to be paid in respect of shares of Alamosa common stock
on an "as converted" basis), plus any accrued and unpaid dividends.
The transaction is expected to close shortly.
   "We are pleased to announce the overwhelming affirmative vote of
our stockholders to merge with Sprint Nextel," said David E. Sharbutt,
Chairman and Chief Executive Officer of Alamosa Holdings, Inc. "We
believe our Company provides Sprint Nextel with a set of assets that
possess many great attributes including: our territories with 23
million total POPs and 20 million covered POPs, our 1.5 million
subscribers, our network that provides world-class wireless services
and over 1,300 dedicated employees." Mr. Sharbutt also stated, "I
thank our employees, officers and directors for what Alamosa has
created, accomplished and become in its short six-year history. By
living our values and working extremely hard, we built a world class
telecommunications company--the standard by which others are
measured."

   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.