S: Sprint Nextel Receives Required Consents for Its Consent Solicitation and Offer to Guarantee Alamosa (Delaware), Inc. and Airgate PCS, Inc. Notes

Sprint Nextel Corp. (NYSE: S) announced today that, based on consents received by 5:00 p.m., EDT, Aug. 25, 2006, from holders of Alamosa's 11% Senior Notes due 2010, Alamosa's 8 ½% Senior Notes due 2012 and Airgate PCS' First Priority Senior Secured Floating Rate Notes due 2011, it has received sufficient consents to amend the indentures governing such notes as described in the registration statement on Form S-3/A filed with the Securities and Exchange Commission by Sprint Nextel Corp. on Aug. 8, 2006. Pursuant to the terms of the consent solicitation, Alamosa and Airgate PCS will enter into supplemental indentures implementing the amendments to the indentures which will be operative and binding on all holders, including the holders of any notes that did not deliver consents in the consent solicitation.

Bear, Stearns & Co. Inc. acted as the solicitation agent for the consent solicitation. The information agent was Georgeson Shareholder Communications, Inc. The consent agents were Wells Fargo Bank, NA for the Alamosa notes and The Bank of New York for the Airgate notes.