UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2004

OR

	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from                          to

COMMISSION FILE NUMBER: 0-32357

ALAMOSA HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

DELAWARE				75-2890997
(State or other jurisdiction of incorporation or organization)				(I.R.S. Employer Identification No.)

5225 SOUTH LOOP 289, SUITE 120
LUBBOCK, TEXAS 79424
(Address of principal executive offices, including zip code)

(806) 722-1100
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES       NO   

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).

YES       NO   

As of November 4, 2004, 114,781,044 shares of common stock, $0.01 par value per share, were issued and outstanding.

ALAMOSA HOLDINGS, INC.

TABLE OF CONTENTS

								PAGE
PART I				FINANCIAL INFORMATION
Item 1.				Financial Statements
				Consolidated Balance Sheets at September 30, 2004 and December 31, 2003 (unaudited)					3
				Consolidated Statements of Operations for the three months and nine months ended September 30, 2004 and 2003 (unaudited)					4
				Consolidated Statements of Cash Flows for the nine months ended September 30, 2004 and 2003 (unaudited)					5
				Notes to the Consolidated Financial Statements					6
Item 2.				Management's Discussion and Analysis of Financial Condition and Results of Operations					19
Item 3.				Quantitative and Qualitative Disclosures About Market Risk					29
Item 4.				Controls and Procedures					30
PART II				OTHER INFORMATION
Item 1.				Legal Proceedings					31
Item 2.				Unregistered Sales of Equity Securities and Use of Proceeds					32
Item 3.				Defaults Upon Senior Securities					32
Item 4.				Submission of Matters to a Vote of Security Holders					32
Item 5.				Other Information					32
Item 6.				Exhibits					32
SIGNATURES									33

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PART I – FINANCIAL INFORMATION
ITEM 1.    FINANCIAL STATEMENTS

ALAMOSA HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(dollars in thousands, except share information)

				September 30, 2004				December 31, 2003
ASSETS
Current assets:
Cash and cash equivalents				$	109,269			$	99,644
Restricted cash					—				1
Short term investments					50,342				—
Customer accounts receivable, net					45,164				28,034
Receivable from Sprint					18,531				22,947
Inventory					6,778				7,309
Prepaid expenses and other assets					10,816				9,763
Deferred customer acquisition costs					6,884				8,060
Deferred tax asset					4,572				4,572
Total current assets					252,356				180,330
Property and equipment, net					431,363				434,840
Debt issuance costs, net					9,286				14,366
Early redemption option on preferred stock					23,637				21,687
Intangible assets, net					424,283				448,354
Other noncurrent assets					4,700				6,393
Total assets				$	1,145,625			$	1,105,970
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable				$	25,880			$	33,247
Accrued expenses					43,272				37,325
Payable to Sprint					26,729				26,616
Interest payable					8,423				5,353
Deferred revenue					23,284				22,742
Current installments of capital leases					168				481
Total current liabilities					127,756				125,764
Long term liabilities:
Capital lease obligations					777				812
Other noncurrent liabilities					6,225				8,693
Deferred tax liability					15,963				15,966
Senior secured debt					—				200,000
Senior notes					732,722				464,424
Total long term liabilities					755,687				689,895
Total liabilities					883,443				815,659
Commitments and contingencies (see Note 15)					—				—
Redeemable convertible preferred stock:
Series B preferred stock, $.01 par value, 750,000 shares authorized; 479,849 and 679,495 shares issued and outstanding, respectively					161,438				228,606
Series C preferred stock, $.01 par value; 500,000 shares authorized; no shares issued					—				—
Total redeemable convertible preferred stock					161,438				228,606
Stockholders' equity:
Preferred stock, $.01 par value; 8,750,000 shares authorized; no shares issued					—				—
Common stock, $.01 par value; 290,000,000 shares authorized, 114,191,880 and 95,401,557 shares issued and outstanding, respectively					1,142				954
Additional paid-in capital					860,512				800,992
Accumulated deficit					(760,652	)			(739,566	)
Unearned compensation					(258	)			(145	)
Accumulated other comprehensive loss, net of tax					—				(530