Alamosa Releases Third Quarter Customer Results
October 13 2005 - 7:08PM
Business Wire
Reaches Another Network Milestone with Completion of 3,000th Cell
Site Alamosa Holdings, Inc. (Nasdaq/NM: APCS) today released third
quarter customer results including net subscriber additions, total
direct subscribers and average monthly customer churn separately
for Alamosa (stand alone) and for the former AirGate properties.
The Company also announced that during the quarter it completed its
3,000th cell site in its territory adding additional coverage along
the I-10 corridor near Ozona, TX. The company ended the quarter
with a total of 3,028 total cell sites. Alamosa operates 1,074
additional carriers for a total of 4,102 CDMA carriers. Quarterly
customer results for each company and on a combined basis are as
follows: -0- *T 2Q 2005 Actual 3Q 2005 Actual Net Customer
Additions: Alamosa (stand alone) 45,000 28,000 AirGate 7,000 5,000
----------------------------------------- Combined 52,000 33,000
========================================= Total Direct Subscribers
Alamosa (stand alone) 1,015,000 1,043,000 Airgate 432,000 437,000
Combined 1,447,000 1,480,000
========================================= Average Monthly Customer
Churn: Alamosa (stand alone) 2.0% 2.3% AirGate 2.4% 2.9%
----------------------------------------- Combined 2.1% 2.5%
----------------------------------------------------------------------
*T "We are pleased with the subscriber results for the third
quarter, especially considering the effects of external factors on
our business," stated David E. Sharbutt, Chairman & Chief
Executive Officer of Alamosa Holdings, Inc. "The quarter was
challenging due to lower consumer confidence due to higher energy
prices and the local and national impacts of Hurricane season along
with competitive positioning in the wireless sector in advance of
the merger and launch of the new brand by Sprint Nextel during
August and September." Mr. Sharbutt concluded, "As evidenced by our
completion of our 3,000th cell site, we remain focused on the
execution of our business plan and our goal to create a best in
class network for our customers, both of which we believe will
deliver increased value for all of Alamosa's stakeholders." ABOUT
ALAMOSA Alamosa Holdings, Inc. is the largest 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. FORWARD LOOKING STATEMENTS
Statements contained in this news release that are forward-looking
statements, such as statements containing terms such as can, may,
will, expect, plan, and similar terms, are subject to various risks
and uncertainties. Such forward-looking statements are made
pursuant to the "safe-harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and are made based on management's
current expectations or beliefs as well as assumptions made by, and
information currently available to, management. A variety of
factors could cause actual results to differ materially from those
anticipated in Alamosa's forward-looking statements, including the
following factors: Alamosa's dependence on its affiliation with
Sprint Nextel; shifts in populations or network focus; changes or
advances in technology; changes in Sprint Nextel's national service
plans or fee structure with us; change in population; difficulties
in network construction; increased competition in our markets and
adverse changes in financial position, condition or results of
operations. For a detailed discussion of these and other cautionary
statements and factors that could cause actual results to differ
from Alamosa's forward-looking statements, please refer to
Alamosa's filings with the Securities and Exchange Commission,
especially in the "risk factors" sections of Alamosa's Annual
Report on Form 10-K for the year ended December 31, 2004 and in
subsequent filings with the Securities and Exchange Commission.
Investors and analysts should not place undue reliance on
forward-looking statements.
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