Alamosa Subsidiary Files Lawsuit Against Sprint and Nextel
08 Agosto 2005 - 12:21PM
Business Wire
Alamosa Holdings, Inc. (Nasdaq/NM:APCS) today announced that its
wholly-owned subsidiary, AirGate PCS, Inc., has filed a complaint
against Sprint Corporation, certain of its affiliates and Nextel
Communications, Inc. in the Delaware Court of Chancery alleging,
among other things, that following the completion of the pending
merger between Sprint and Nextel, Sprint will breach the
exclusivity covenants contained in the agreements governing its
relationship with AirGate and that Nextel unlawfully interfered
with AirGate's exclusive rights under such agreements. The
complaint seeks, among other things, an order directing Sprint and
its affiliates to specifically perform their contractual
obligations under their agreements with AirGate, an injunction
preventing Sprint and Nextel from taking any action or entering
into any agreement that would violate the exclusivity covenants
contained in the agreements, a declaratory judgment declaring the
rights, remedies and obligations of the parties under the
agreements, and damages. As previously disclosed, since Sprint's
public announcement of its intention to merge with Nextel, Alamosa
has continually attempted to engage in productive discussions with
Sprint in an attempt to resolve the issues raised by its pending
merger with Nextel. Alamosa now has come to believe, however, that
it is unlikely that the parties will be able to reach a mutually
acceptable agreement prior to the closing of the merger. "Neither
Sprint nor Nextel should be allowed to breach previous agreements
in pursuit of their goals," stated David E. Sharbutt, Chairman and
Chief Executive Officer of Alamosa. "Sprint agreed that AirGate and
Alamosa would be the exclusive providers of wireless services in
their territories and that they would be entitled to specific
performance of their agreements with Sprint, and we expect Sprint
to fulfill its contractual commitments to AirGate and Alamosa."
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. 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)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Alamosa (NASDAQ:APCS)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024