Filed Pursuant to 424(b)(3)
Registration File No. 333-66358
ALAMOSA HOLDINGS, INC.
30,649,990 SHARES OF COMMON STOCK
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SUPPLEMENT NO. 8 TO
PROSPECTUS
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This prospectus supplement relates to the resale by selling
stockholders of up to 30,649,990 shares of our common stock that the selling
stockholders acquired from us in connection with our acquisitions of companies
formerly owned by them. We will not receive any of the proceeds from the sale of
any of these shares by the selling stockholders.
You should read this prospectus supplement in conjunction with the
prospectus dated September 28, 2001, filed by us with the Securities and
Exchange Commission, prospectus supplement no. 1, filed by us with the
Securities and Exchange Commission on October 18, 2001, prospectus supplement
no. 2, filed by us with the Securities and Exchange Commission on October 30,
2001, prospectus supplement no. 3, filed by us with the Securities and Exchange
Commission on November 14, 2001, prospectus supplement no. 4, filed by us with
the Securities and Exchange Commission on February 28, 2002, prospectus
supplement no. 5, filed by us with the Securities and Exchange Commission on
March 29, 2002, prospectus supplement no. 6, filed by us with the Securities and
Exchange Commission on May 2, 2002 and prospectus supplement no. 7, filed by us
with the Securities and Exchange Commission on May 15, 2002. All terms used in
this prospectus supplement have the meaning assigned to them in the prospectus.
Our common stock is traded on The New York Stock Exchange under the symbol
"APS." On June 12, 2002, the last reported sale price of one share of our common
stock was $1.10.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED
UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.
This supplement is part of the prospectus and must accompany the
prospectus to satisfy prospectus delivery requirements under the Securities Act
of 1933, as amended.
The date of this prospectus supplement is June 13, 2002.
RECENT DEVELOPMENTS
On June 13 2002 we issued the following press release.
ALAMOSA REVISES SECOND QUARTER SUBSCRIBER EXPECTATIONS
AND SUBSTANTIALLY INCREASES FULL YEAR 2002 EBITDA GUIDANCE
LUBBOCK, TEXAS (JUNE 13, 2002) - Alamosa Holdings, Inc. (NYSE: APS), the largest
Sprint PCS (NYSE: PCS) Network Partner based on number of subscribers, today
announced it is revising expectations for net subscriber additions and churn for
the second quarter ending June 30, 2002 and increasing the Company's full-year
2002 EBITDA (earnings before interest, taxes, depreciation and amortization)
guidance.
REVISED GUIDANCE
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o SECOND QUARTER NET SUBSCRIBERS - Alamosa now expects net subscriber
additions to be approximately 15,000 to 25,000 for the second quarter.
Alamosa previously expected net subscriber additions to be
approximately 30,000 to 35,000 for the second quarter.
o SECOND QUARTER CHURN - Alamosa now expects churn in the second quarter
to be in the range of 3.1 to 3.3 percent.
o 2002 EBITDA - Alamosa now expects to achieve positive EBITDA in the
range of approximately $25 million to $35 million for 2002. Alamosa
previously expected positive EBITDA in the range of approximately $15
million to $20 million for 2002.
"While we believe future demand for wireless services will be strong, as a
result of lower than expected gross subscriber additions during late May and
June to-date and a marginal increase in churn, we now expect our net subscriber
growth during the second quarter will be below our previous expectations," said
David E. Sharbutt, Chief Executive Officer of Alamosa Holdings, Inc. "We
attribute the lower subscriber growth to several factors, including more
competitive sales conditions, reduced additions of sub-prime customers as a
result of the new deposit requirement, and a general expectation of slower
subscriber growth in the second quarter."
"I am pleased to report that we now expect to achieve a substantial increase in
positive EBITDA for the year. While the lower number of subscriber additions
will have a positive impact on EBITDA during the second quarter, the increase
during the year will be driven primarily by our continued focus on operational
excellence and efficiencies throughout every level of our company. Overall, we
believe 2002 will be a positive year for Alamosa as we focus on the
financial performance of our company. Alamosa continues to be over-funded in
excess of $50 million dollars at the point of becoming free cash flow positive
in 2003."
Alamosa reaffirmed its previously announced guidance as follows.
REAFFIRMED GUIDANCE
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o 2002 NET SUBSCRIBERS - Alamosa expects net subscriber additions for
the year to remain in the range of 190,000 to 210,000 with year-end
subscribers in the range of approximately 693,000 to 713,000. The
second half of the year, which is seasonally much stronger for net
adds than the first half, is expected to be positively impacted by the
launch of third generation technology (1XRTT).
o CAPITAL EXPENDITURES - Alamosa expects capital expenditures for the
year to be approximately $85 million.
o ARPU - Alamosa expects ARPU without roaming for the full year to
remain in the range of $59 to $61 and expects ARPU with roaming to
continue to decline due to roaming revenue being spread over an
increasing subscriber base.
ABOUT ALAMOSA
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Alamosa Holdings, Inc. is the largest Sprint PCS Network Partner based on number
of subscribers. Alamosa has the exclusive right to provide digital wireless
mobile communications network services under Sprint's PCS division throughout
its designated territory located in Texas, New Mexico, Oklahoma, Arizona,
Colorado, Utah, Wisconsin, Minnesota, Missouri, Washington, Oregon, Arkansas,
Kansas, Illinois and California. Alamosa's territory includes licensed
population of 15.8 million residents.
ABOUT SPRINT
Sprint operates the nation's largest all-digital, all-PCS wireless network,
already serving the majority of the nation's metropolitan areas including more
than 4,000 cities and communities across the country. Sprint has licensed PCS
coverage of more than 280 million people in all 50 states, Puerto Rico and the
U.S. Virgin Islands. Sprint plans to launch its 3G network nationwide this
summer and expects to deliver faster speeds and advanced applications on Sprint
PCS 3G Phones and devices. For more information on products and services, visit
www.sprint.com/mr. Sprint PCS is a wholly-owned tracking group of Sprint
Corporation trading on the NYSE under the symbol "PCS." Sprint is a global
communications company with more than 80,000 employees worldwide and $26 billion
in annual revenues and is widely recognized for developing, engineering and
deploying state-of-the art network technologies.
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 PCS; 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; failure to consummate
anticipated acquisitions 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, 2001 and in
subsequent filings with the Securities and Exchange Commission.
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