(AIRGATE PCS LOGO)

Contact:  Bill Loughman
Chief Financial Officer
404-525-7272

AIRGATE PCS, INC. ANNOUNCES FOURTH QUARTER
AND YEAR-END FISCAL 2004 RESULTS

ATLANTA (December 13, 2004) – AirGate PCS, Inc. (Nasdaq: PCSA), a PCS Affiliate of Sprint, today announced financial and operating results for its fourth fiscal quarter and twelve months ended September 30, 2004. Highlights of the quarter include the following:

  Net income for the quarter was $8.7 million, or $0.74 per share, compared with a loss of ($7.8) million, or ($1.51) per share in the fourth fiscal quarter of 2003.
 
  EBITDA, earnings before interest, taxes, depreciation and amortization, was $28.0 million compared with $15.3 million in the fourth fiscal quarter of 2003.
 
  Gross additions were 44,437 compared with 34,464 in the fourth fiscal quarter of 2003.
 
  Churn decreased to 2.83% in the fourth fiscal quarter of 2004 from 3.41% in the fourth fiscal quarter of 2003.
 
  Net additions were 9,296 compared with a loss of (4,697) in the fourth fiscal quarter of 2003.
 
  Cash, cash equivalents and short-term investment securities increased to $68.5 million as of September 30, 2004 from $62.0 million at June 30, 2004 and from $54.1 million at September 30, 2003.

Financial Overview and Key Operating Metrics
Financial and operating metrics, which include non-GAAP financial measures, for the quarters and the twelve months ended September 30, 2004 and 2003, include the following:

                                 
    For the Quarters Ended September 30,

The following information was filed by Airgate Pcs Inc on Tuesday, December 14, 2004 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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