February 15, 2006
Alamosa Initiates Offer to Purchase Senior Discount Notes
James Fisher, Sprint Nextel
Lubbock, TX. — 02/15/2006
Alamosa (Delaware), Inc., a wholly owned indirect subsidiary of Sprint Nextel Corp. (NYSE: S), today announced plans to initiate an offer to purchase its outstanding 12 percent Senior Discount Notes due 2009, 12.5 percent Senior Notes due 2011, 13.625 percent Senior Notes due 2011, 11 percent Senior Notes due 2010 and 8.5 percent Senior Notes due 2012 (the "Notes").
The offer to purchase will remain open until 5 p.m. EST on March 16, 2006, unless extended by the company in its sole discretion. The company will make a public announcement in the event that it extends the offer. All Notes properly tendered will be accepted for payment, subject to the terms set forth in the Notice of Change of Control and Offer to Purchase Statement dated Feb. 15, 2006. The company has retained Wells Fargo Bank, N.A. to act as the tender agent in connection with this offer. Question regarding how to tender the Notes subject to this offer to purchase and requests for documents may be made to Wells Fargo Bank, N.A. by telephone at 1-800-344-5128.
The indentures pursuant to which the Notes were issued require the company to offer to purchase the Notes upon a change of control. As a result of the merger of the company's parent with a wholly owned indirect subsidiary of Sprint Nextel Corporation, a change of control has occurred.
This press release shall not constitute an offer or solicitation to purchase the Notes. Any such offer or solicitation will be made only by means of the Notice of Change of Control and Offer to Purchase Notes Statement.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of communications services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless 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.
Alamosa Holdings, Inc. is the largest (based on number of subscribers) Sprint PCS Affiliate of Sprint Nextel (NYSE: S), 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.