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THE FOLLOWING IS A SLIDE PRESENTATION FIRST USED BY ALAMOSA
PCS HOLDINGS ON JULY 31, 2000.
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[Alamosa logo] ALAMOSA PERSONAL COMMUNICATIONS SERVICE
A Sprint PCS Network Partner
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Acquisition of Roberts and WOW
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July 2000
[Sprint logo] Sprint PCS[TM]
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Safe-Harbor Provisions [Alamosa logo]
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Statements contained herein that are forward-looking statements 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, including the
following factors: failure to satisfy the conditions to closing the acquisitions
or financings described in the following communications; costs related to the
acquisitions; the risk that the acquisitions will not be integrated
successfully; delays in network construction and launch; increases in network
construction costs; Alamosa's dependence on its affiliation with Sprint PCS;
shifts in populations or network focus; changes or advances in technology;
changes in Sprint's National service plans or fee structure with us; change in
population; increased competition in our markets; and adverse changes in
financial position, condition or results of operations. For a detailed
discussion of these and other cautionary statements and factors that could cause
actual results to differ from Alamosa's forward- looking statements, please
refer to Alamosa's filings with the Securities and Exchange Commission,
especially in the "risk factors" sections of Alamosa's Prospectuses filed on
February 4, 2000, its Form 10- K for the year ended December 31, 1999 and in
subsequent filings with the Securities and Exchange Commission.
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Transaction Summary [Alamosa logo]
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<TABLE>
<S> <C>
Purchase Price $473.5 million (based on APCS close on 7/31/00
of $20.00)
Consideration $16.5 million cash
19.55 million shares
$66.0 million assumed net debt (6/30/00)
POPs Acquired 4.0 million
WOW 1.5 million
Roberts 2.5 million
Accounting Treatment Purchase Accounting
Tax Treatment Tax Free Reorganization
Governance
Chairman & CEO David E. Sharbutt
Board Seats 2 New Seats Pending Shareholder Vote
</TABLE>
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Alamosa Footprint [Alamosa logo]
[Map of the United States, indicating locations of Alamosa PCS, and Sprint
PCS(R) and Network Partners.]
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Washington Oregon Wireless [Alamosa logo]
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<TABLE>
<S> <C> <C>
[Map of the states of - Major markets include Wenatchee and Yakima,
Washington and Oregon, WA, and Medford - Grants Pass, OR
indicating the licensed representing 700,000 POPs
territory of WOW.]
- 1.5 million licensed POPs
- Adjacent to Portland, OR and Seattle -
Tacoma, WA representing 5.1 million POPs
- Network will include 990 highway miles
including portions of major interstates
including I5, I82, I84 and I90
- Expect to launch 7 markets by Fall 2000
- Anticipate launching in all 10 markets by
first half of 2001
</TABLE>
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Roberts Wireless [Alamosa logo]
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<TABLE>
<S> <C> <C>
[Map of the state of - Major markets include Springfield, Joplin,
Missouri, indicating the and St. Joseph, MO representing 1.1 million
licensed territory of licensed POPs
Roberts wireless.]
- 2.5 million licensed POPs
- Between Kansas City and St. Louis, MO
representing 4.8 million POPs
</TABLE>
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<TABLE>
<S> <C> <C>
- Current network covering 300,000 POPs
- 1,260 highway miles including major
interstates I70, I44 and I55
- 12,200 subscribers
- 4 launched markets
- Anticipate launching all 14 markets by year
end
</TABLE>
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Pro Forma Statistics [Alamosa logo]
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<TABLE>
<CAPTION>
APCS Roberts WOW TOTAL
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Market Information
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<S> <C> <C> <C> <C>
Markets 43 14 10 67
Licensed POPs (M) 8.5 2.5 1.5 12.5
Targeted Covered POPs (M)* 6.3 1.5 1.0 8.8
Subscribers (June 30, 2000) 69,569 12,216 0 81,785
Financial Information (Q2 2000)
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Total Revenue (M) $ 17.2 $ 2.8 $ 0.0 $ 20.0
Pre-Marketing EBITDA (M) $ 1.9 $ 0.5 $ (2.0) $ 0.4
EBITDA (M) $ (7.3) $ (1.4) $ (2.0) $ (10.7)
ARPU (w/roaming) $ 83 $ 83 NA $ 83
Diluted Shares Outstanding 63.5 13.5 6.05 83.1
</TABLE>
* At full buildout.
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Transaction Rationale [Alamosa logo]
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o Merger Strategy
- Alamosa's primary focus remains execution of buildout
- Selective approach to acquisitions
- Focus on attractive footprints
- Accretive to shareholder value
- Leverage strength of Alamosa's management team
- Apply Alamosa's operating philosophy to new areas
o Consolidation benefits
- Accretive growth
- Expansion into attractive footprints
- Leverage access to capital
- Decentralized management model and the Sprint PCS affiliate program
facilitates operation of non-contiguous footprints
- Scale and scope strengthens relationship with Sprint PCS
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Roberts/WOW BTAs [Alamosa logo]
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[chart 1]
<TABLE>
<CAPTION>
Roberts Properties Frequency MHZ of Spectrum POPs
------------------ --------- --------------- ----
<S> <C> <C> <C>
Springfield, MO B 30 630,223
Joplin, MO-Miami, OK A 30 235,554
Carbondale-Marion, IL B 30 215,517
Columbia, MO* A 30 207,819
St. Joseph, MO* B 30 190,093
Cape Girardeau-Sikeston, MO B 30 187,519
Quincy, IL-Hannibal, MO B 30 179,648
Jefferson City, MO* B 30 155,877
Poplar Bluff, MO B 30 153,075
Rolla, MO B 30 99,864
Pittsburg-Parsons, KS A 30 90,364
Sedalia, MO* A 30 89,516
West Plains, MO B 30 75,652
Kirksville, MO B 30 55,801
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TOTAL 2,566,522
</TABLE>
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[chart 2]
<TABLE>
<CAPTION>
WOW Properties Frequency MHZ of Spectrum POPs
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<S> <C> <C> <C>
Yakima, WA B 30 252,806
Medford-Grants Pass, OR B 30 250,741
Wenatchee, WA B 30 205,477
Kennewick-Pasco-Richland, WA B 30 184,626
Walla Walla, WA-Pendleton, OR B 30 169,464
Bend, OR B 30 145,357
Roseburg, OR B 30 101,805
Coos Bay-North Bend, OR B 30 82,840
Klamath Falls, OR B 30 79,818
Portland, OR B 30 (a)
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TOTAL 1,492,934
</TABLE>
(a) WOW network covers only a portion of the Portland market.
Note: Estimated total POPs is based on projections of year-end 1999 population
counts calculated by the U.S. Census Bureau.
*Denotes launched properties.
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