Alamosa Announces Special Meeting of Shareholders; Receives Early Termination of Hart-Scott-Rodino Act Waiting Period.

LUBBOCK, Texas -- Alamosa Holdings, Inc. (Nasdaq/NM: APCS) today announced the date of its special meeting of shareholders to approve the acquisition of Alamosa by Sprint Nextel. Alamosa also announced the receipt of notice for early termination of the Hart-Scott-Rodino waiting period.

The special meeting of shareholders is scheduled for January 25, 2006 at 10:00 a.m. Central Standard Time at Alamosa's Corporate Headquarters in Lubbock, Texas. Shareholders as of the record date of December 16, 2005 will be asked to approve the Company's proposed merger with a subsidiary of Sprint Nextel Corporation (NYSE: S). The Company also announced that on December 19, 2005, the Antitrust Division of the Department of Justice and the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, applicable to the transaction. The closing of the transaction remains subject to other customary conditions, including the approval of Alamosa's stockholders. The transaction is expected to close in the first quarter of 2006.

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, and subsequent to year end in Georgia, South Carolina, North Carolina and Tennessee which includes 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: the result of the review of the proposed merger by various regulatory

agencies, and any conditions imposed in connection with consummation of the merger; approval of the merger by the stockholders of Alamosa; satisfaction of various other 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.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed acquisition and required stockholder approval, Alamosa has filed with the Securities and Exchange Commission a definitive proxy statement, which is being mailed to the stockholders of Alamosa. Alamosa's stockholders are urged to read the definitive proxy statement and other relevant materials when they become available because they contain (or will contain) important information about the acquisition and Alamosa. Investors and security holders may obtain free copies of these documents (when they are available) and other documents filed with the Securities and Exchange Commission at the SEC's web site at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Alamosa by going to Alamosa's Investor Relations page on its corporate website at www.alamosapcs.com.

Alamosa and its officers and directors may be deemed to be participants in the solicitation of proxies from Alamosa's stockholders with respect to the acquisition. Information about Alamosa's executive officers and directors and their ownership of Alamosa stock is set forth in the proxy statement for the Alamosa 2005 Annual Meeting of Shareholders, which was filed with the SEC on April 14, 2005. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of the Alamosa and its respective executive officers and directors in the acquisition by reading the definitive proxy statement regarding the merger, which has been filed with the SEC.