Alamosa — Merger or Acquisition (November 2005)

5 slides from Alamosa's merger presentation, Nov 22, 2005

Slide 1: Presentation Regarding Acquisition by Sprint Nextel
Presentation Regarding Acquisition by Sprint Nextel November 21, 2005 1 Safe Harbor Provisions Statements contained in this presentation 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
Slide 2: Additional Disclosure / Transaction Terms
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 2 reliance on forward-looking statements. Additional Disclosure In connection with the proposed merger, Alamo
Slide 3: Transaction Terms and Timing
4 Transaction Terms and Timing Alamosa management and Board believe transaction represents fair value 5 Relative Valuation
Slide 4: Transaction Price Versus Trading History
Transaction valuation compared to recent wireless transactions Transaction Value / Subscribers Transaction Value / Forward EBITDA Source: SEC filings, company press releases, Consensus Wall Street estimates. Forward EBITDA multiples utilize 2004E EBITDA for AT&T Wireless / Cingular; 2005E EBITDA for
Slide 5: Presentation Regarding Acquisition by Sprint Nextel
Presentation Regarding Acquisition by Sprint Nextel November 21, 2005 8