LUBBOCK, Tex.-Alamosa Holding Inc. shareholders overwhelmingly approved Sprint Nextel Corp.’s planned buyout of the regional wireless carrier.
Under the terms of the agreement, Alamosa’s common stock holders would receive $18.75 per share. Alamosa noted that 99 percent of its shareholders, representing 77 percent of Alamosa’s outstanding common stock and series B convertible preferred stock, approved the transaction.
The acquisition gives Sprint Nextel another 1.5 million direct subscribers. Alamosa’s operations include licenses covering 23 million total potential customers and 20 million covered POPs in 19 states.
