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
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.
ALLETE, Inc., Duluth
Eric Olson, 218-723-3947
Tim Thorp, 218-723-3953
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