Alamosa Holders To Vote On Sprint Merger Jan. 25

LUBBOCK, Texas -(Dow Jones)- Alamosa Holdings Inc. said its shareholders will vote on the company's proposed $3.4 billion acquisition by Sprint Nextel Corp. at a special meeting scheduled for Jan. 25.

In a press release Thursday, the Sprint affiliate also said the Department of Justice and the Federal Trade Commission cleared the deal on antitrust grounds.

The deal is still subject to other customary conditions, Alamosa said, including the approval of the company's stockholders. It is expected to close in the first quarter.

Alamosa's shareholders as of the record date of Dec. 16 will be eligible to vote on the proposed merger.

Last month, Sprint Nextel agreed to acquire Alamosa Holdings for about $3.4 billion in cash. Alamosa sells wireless service under the Sprint brand to 1.5 million subscribers in 19 states.

On Tuesday, Sprint Nextel agreed to the buyout terms with another affiliate, Nextel Partners Inc., under which Sprint will pay $28.50 a share in cash for the stock it doesn't already own in Nextel Partners. Nextel Partners, based in Kirkland, Wash., has 1.9 million subscribers.

-Judy Lam; Dow Jones Newswires; 201-938-5400; AskNewswires@dowjones.com

(END) Dow Jones Newswires "

Posted to the site on 23rd December 2005