Sprint Nextel Receives Required Consents for Its Consent Solicitation and Offer to Guarantee Alamosa (Delaware), Inc. and Airgate PCS, Inc. Notes
* Alamosa 11% Senior Notes due 2010
* Alamosa 8 ˝% Senior Notes due 2012
* Airgate PCS First Priority Senior Secured Floating Rate Notes due 2011
Reston, VA. — 08/28/2006 - Sprint Nextel Corp. (NYSE: S) announced today that, based on consents received by 5:00 p.m., EDT, Aug. 25, 2006, from holders of Alamosa’s 11% Senior Notes due 2010, Alamosa’s 8 ˝% Senior Notes due 2012 and Airgate PCS’ First Priority Senior Secured Floating Rate Notes due 2011, it has received sufficient consents to amend the indentures governing such notes as described in the registration statement on Form S-3/A filed with the Securities and Exchange Commission by Sprint Nextel Corp. on Aug. 8, 2006. Pursuant to the terms of the consent solicitation, Alamosa and Airgate PCS will enter into supplemental indentures implementing the amendments to the indentures which will be operative and binding on all holders, including the holders of any notes that did not deliver consents in the consent solicitation.
Bear, Stearns & Co. Inc. acted as the solicitation agent for the consent solicitation. The information agent was Georgeson Shareholder Communications, Inc. The consent agents were Wells Fargo Bank, NA for the Alamosa notes and The Bank of New York for the Airgate notes.
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.
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