Sprint Nextel announced an agreement to acquire former Sprint affiliate Alamosa Holdings for approximately $4.3 billion. Alamosa provides Sprint PCS services in 19 states, serving approximately 1.48 million direct wireless subscribers, making it the largest Sprint affiliate based on number of subscribers. With this acquisition, Sprint has announced agreements to acquire more than 2.3 million Sprint PCS affiliate customers. The deal is expected to resolve pending litigation that also involves AirGate PCS. The acquisition is subject to regulatory and shareholder approval, and is expected to be completed in the first quarter of 2006.
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