Alamosa Releases Second Quarter Customer Results; Exceeds 1 Million Subscribers in Original Alamosa Footprint
July 15 2005 - 6:00AM
Business Wire
Alamosa Holdings, Inc. (Nasdaq/NM: APCS) today released second
quarter customer results including net subscriber additions, total
direct subscribers and average monthly customer churn separately
for Alamosa (stand alone) and for the former AirGate properties and
on a combined basis as follows: -0- *T 2Q 2004 Pro-forma 2Q 2005
Actual Net Customer Additions: Alamosa (stand alone) 40,000 42,000
AirGate 7,434 7,000 ------------ ------------ Subtotal 47,434
49,000 Purchased Subscribers -- 3,000 ------------ ------------
Combined 47,434 52,000 ============ ============ Total Direct
Subscribers: Alamosa (stand alone) 813,000 1,015,000 AirGate
375,241 432,000 Combined 1,188,241 1,447,000 ============
============ Average Monthly Churn: Alamosa (stand alone) 2.1% 2.0%
AirGate 2.6% 2.4% ------------ ------------ Combined 2.2% 2.1% *T
During the quarter Alamosa (stand alone) migrated approximately
3,000 subscribers that were purchased from a rural wireless service
provider in Western Colorado. At June 30, 2005, Alamosa (stand
alone) had approximately 1,015,000 total direct subscribers
(including the purchased subscribers) while the former AirGate
properties had approximately 432,000 total direct subscribers,
resulting in total direct subscribers of approximately 1,447,000
for the Company as a whole. "We produced solid customer results
during the second quarter, including lower average monthly customer
churn in both properties while continuing the momentum we
experienced in 2004 and the first quarter of 2005," stated David E.
Sharbutt, Chairman & Chief Executive Officer of Alamosa
Holdings, Inc. "Passing the one million customer mark in the
original Alamosa territories is another significant milestone and a
notable achievement given the short history of our company. As we
indicated, growth in the AirGate territories slowed during the
second quarter, due to seasonality and focus on improvements in our
network infrastructure and distribution systems to support future
growth and marketing efforts." Mr. Sharbutt concluded by stating,
"With the first half of 2005 complete, we remain on track to
deliver another year of solid performance and growth for all of
Alamosa's stakeholders." ABOUT ALAMOSA Alamosa Holdings, Inc. is
the largest (based on number of subscribers) PCS Affiliate of
Sprint (NYSE: FON), which operates the largest all-digital,
all-CDMA Third-Generation (3G) wireless network in the United
States. 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, California,
Georgia, South Carolina, North Carolina and Tennessee. Alamosa's
territory includes licensed population of 23.2 million residents,
including 15.8 million residents in Alamosa's territories and 7.4
million residents in the recently acquired AirGate properties.
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, including
such statements that include, but are not limited to statements
about the benefits of the merger between Alamosa and AirGate PCS,
Inc. 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: Alamosa's dependence on its affiliation with
Sprint; 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; difficulties in network
construction; 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 Annual Report on Form 10-K
for the year ended December 31, 2004 and in subsequent filings with
the Securities and Exchange Commission. Investors and analysts
should not place undue reliance on forward-looking statements.
Alamosa (NASDAQ:APCS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alamosa (NASDAQ:APCS)
Historical Stock Chart
From Sep 2023 to Sep 2024