LUBBOCK, Texas-Alamosa PCS Holdings Inc., a Sprint PCS affiliate, reported results for the fourth quarter and year ended Dec. 31, 1999.
For the year, Alamosa reported a net loss of $39.6 million, or 68 cents per share, on revenue of $8.9 million. The previous year’s net loss of $923,822, or 2 cents per share, only included the final six months since the company was formed at mid-year.
For the fourth quarter, Alamosa reported a net loss of $15.1 million, or 31 cents per share, on revenue of $6.9 million, compared with a net loss of $523,361, or 1 cent per share, in 1998.
“We have an aggressive buildout plan for 2000 through 2002 where we plan to invest more than $250 million in capital expenditures,” noted David Sharbutt, chairman and chief executive officer of Alamosa.
