WAKE FOREST,Sprint Nextel has agreed to acquire affiliate Alamosa Holdings in a deal worth $4.3 billion.

Alamosa is based in Lubbock, TX. The deal adds 1.48 million wireless users to Sprint Nextel, which has bought out a number of former Sprint and Nextel affiliates since the companies merged earlier this year.

Alamosa provides coverage area across 19 states, reaching a potential 20 million customers.

One of Sprint’s largest local wireline telecom operation is based in Wake Forest.

Sprint Nextel: www.sprint.com