[COMPANY LOGO]


                                                                  NEWS RELEASE


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


            Alamosa Extends Exchange Offers Until November 10, 2003
       Expects to receive tenders in excess of 97% of Outstanding Notes


LUBBOCK, Texas, November 7, 2003 /PRNewswire-FirstCall/--Alamosa Holdings,
Inc. (OTC Bulletin Board: ALMO News) and its wholly owned subsidiary Alamosa
(Delaware), Inc. (together, the "Company"), the largest (based on number of
subscribers) PCS Affiliate of Sprint (NYSE: FON, PCS), today announced the
final extension of the Expiration Date of its offers for its public
indebtedness (the "Exchange Offers") from 5:00 p.m., Eastern Standard time, on
November 7, 2003, to 5:00 p.m., Eastern Standard time, on November 10, 2003.

The Company said that it had either received or been advised by Noteholders
that it would receive tenders in excess of 97% of its outstanding Existing
Notes, including approximately $238.4 million in principal amount or 95.4% of
its 12.5% Senior Notes due 2011, $147.5 million in principal amount or 98.4%
of its 13.625% Senior Notes due 2011 and $341.9 million in principal amount or
97.7% of its 12.875% Senior Discount Notes due 2010 pursuant to its Exchange
Offers.

In view of this anticipated result and after consultation with its Noteholder
Committee, the Company determined not to require the tender of 97% of each
separate traunche of Existing Notes as a condition to consummate its Exchange
Offers. Accordingly, the Company is extending the deadline to permit those
Noteholders who have indicated an intention to tender and any other Noteholder
who wishes to tender to do so. The Company expects to consummate its Exchange
Offers on Monday, November 10, 2003.

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.

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