DULUTH, Minn.--(BUSINESS WIRE)--Dec. 30, 2005 ALLETE, Inc. (NYSE:ALE) announced today it has successfully closed on the previously disclosed sale of its telecommunications subsidiary, Enventis Telecom, to HickoryTech Corporation (NASDAQ:HTCO) for $35.5 million. ALLETE acquired Minneapolis-based Enventis in 2001, and combined it with its MP Telecom subsidiary to form Enventis Telecom. Enventis Telecom is a regional telecommunications provider and network infrastructure integrator specializing in Internet Protocol communications. ALLETE's corporate headquarters are located in Duluth, Minnesota. ALLETE provides energy services in the upper Midwest and has significant real estate holdings in Florida. More information about the company is available on ALLETE's Web site at www.allete.com. The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission. CONTACT: ALLETE, Inc., Duluth Eric Olson, 218-723-3947 email@example.com or Investor Contact: Tim Thorp, 218-723-3953 firstname.lastname@example.org
Sale of Enventis Telecom Completed
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