Contact: Jon D. Drake
         Director of Investor Relations
         Alamosa Holdings, Inc.
         806-722-1455
         jdrake@alamosapcs.com





Alamosa Extends Exchange Offers Until November 6, 2003

LUBBOCK, Texas, November 5, 2003 /PRNewswire-FirstCall/ -- Alamosa Holdings,
Inc. (OTC Bulletin Board: ALMO) and its wholly owned subsidiary Alamosa
(Delaware), Inc. (together, the "Company"), the largest (based on number of
subscribers) PCS Affiliate of Sprint (NYSE: FON), today announced that its
Board of Directors has authorized the Company to extend the expiration date of
its offers for its public indebtedness (the "Exchange Offers") and the
deadline for voting on the Prepackaged Plan, which were scheduled to expire at
5:00 p.m., New York City time, on November 4, 2003, to 5:00 p.m., New York
City time, on November 6, 2003.

As of the close of business on November 4, 2003, approximately $235.6 million
in principal amount of 12.5% Senior Notes due 2011, $145.1 million in
principal amount of 13.625% Senior Notes due 2011 and $322.7 million in
principal amount of 12.875% Senior Discount Notes due 2010, representing
approximately 94.2%, 96.7% and 92.2% of the total outstanding principal amount
of the 12.5% Senior Notes, 13.625% Senior Notes and the 12.875% Senior
Discount Notes, respectively, had been validly tendered and not withdrawn in
the Exchange Offers. The Exchange Offers have a minimum tender condition of
97% of the outstanding principal amount of each series of Existing Notes.

Wells Fargo Bank Minnesota, N.A. is the information agent and exchange agent
for the Exchange Offers.

This announcement does not constitute an offer to sell, or the solicitation of
an offer to purchase, securities.

ABOUT ALAMOSA

Alamosa Holdings, Inc. is the largest PCS Affiliate of Sprint based on number
of subscribers. Alamosa has the exclusive right to provide digital wireless
mobile communications network services under the Sprint brand name throughout
its designated territory located in Texas, New Mexico, Oklahoma, Arizona,
Colorado, Utah, Wisconsin, Minnesota, Missouri, Washington, Oregon, Arkansas,
Kansas, Illinois and California. Alamosa's territory includes licensed
population of 15.8 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. A more extensive discussion of the risk factors
that could impact these areas and Alamosa's overall business and financial
performance can be found in Alamosa's reports filed with the U.S. 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, 2002 and
in subsequent filings with the U.S. Securities and Exchange Commission. Given
these concerns, investors and analysts should not place undue reliance on
forward-looking statements.

Source: Alamosa Holdings, Inc.


