Sprint Nextel to Acquire Velocita Wireless; Transaction Will Enhance iDEN(R) Network's 900 MHz Spectrum Position.

RESTON, Va. -- Sprint Nextel Corp. (NYSE:S) and Velocita Wireless announced today that Sprint Nextel will acquire Velocita through a stock purchase agreement and plans to begin use of some of the company's 900 MHz spectrum. The transaction is subject to customary regulatory approvals, and is expected to be completed during the first half of 2006. Velocita, a leading provider of wireless data connectivity solutions and services, will continue to operate independently until that time. Terms were not disclosed.

Velocita Wireless, headquartered in Woodbridge, N.J., serves about 400,000 business and governmental customers, with products that include wireless email, messaging, machine-to-machine, automated vehicle location, point-of-sale and field force automation applications.

After completion of the transaction, Sprint Nextel will utilize a portion of Velocita's spectrum assets to supplement Sprint Nextel's coverage for customers on its iDEN(R) national network. That spectrum use is not expected to impact Velocita's network coverage or availability. Sprint Nextel will continue to honor existing Velocita customer contracts after the close of the transaction, and will work with customers as appropriate to provide wireless network services that most closely meet their business needs.

"We believe that the addition of Velocita will provide Sprint Nextel with additional spectrum capabilities over 900 MHz that will enhance the iDEN network nationwide and will help ensure Velocita's customers' needs are fully met," said Len Lauer, chief operating officer for Sprint Nextel.

Charles Nelson, CEO and president of Velocita Wireless, added, "Velocita is excited by the opportunity to become part of the Sprint Nextel family. We believe that the transaction will enable both parties to satisfy the increasingly complex needs of wireless customers."

About Sprint Nextel

Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com.

About Velocita Wireless, L.P.

Velocita Wireless is dedicated to providing premier wireless data products and services for enterprises and governmental organizations deploying wireless email, messaging, machine-to-machine, automated vehicle location, point-of-sale and field force automation applications. Velocita, which operates a fully-built nationwide Mobitex wireless network covering 93% of the U.S. business population, will continue to provide data communications services for mission-critical business applications and mobile connectivity to its current customer base of over 400 Fortune 1000 companies and 50 government agencies, as well as resellers and partners. Velocita is controlled by an affiliate of Cerberus Capital Management, L.P. Headquartered in New York, Cerberus and its affiliated entities manage funds and accounts with capital in excess of $16 billion. For more information, visit www.velocitawireless.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

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 Velocita Wireless. 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; 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 Sprint Nextel's and Nextel Communications Inc.'s respective reports filed with the SEC, including each company's annual report on Form 10-K for the year ended December 31, 2004 as amended, and their respective quarterly reports on Form 10-Q filed in 2005. This document speaks only as of its date, and each of Sprint Nextel, Nextel and Alamosa Holdings disclaims any duty to update the information herein.