UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 15, 2006
CT COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
North Carolina
(State or other jurisdiction of incorporation)
| | | |
| 0-19179 | | 56-1837282 |
| (Commission File Number) | | (IRS Employer Identification No.) |
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| 1000 Progress Place NE | | |
| P.O. Box 227 | | |
| Concord, North Carolina | | 28026-0227 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (704) 722-2500
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Information.
On March 16, 2006, CT Communications, Inc. (“CTC”) announced that Palmetto MobileNet, L.P. (“Palmetto”), a limited partnership in which CTC holds a 22.4% interest as an equity method investment, had sold its 50% ownership interest in ten wireless partnerships to Alltel Corporation for approximately $455 million in cash. CTC expects to receive a distribution from Palmetto within 10 days of approximately $97 million as proceeds from the sale.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release of CT Communications, Inc. dated March 16, 2006
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | CT COMMUNICATIONS, INC. |
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| | | By: | | /s/ Ronald A. Marino |
| | | | | |
| | | | | Ronald A. Marino
Chief Accounting Officer |
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| Dated: March 16, 2006 | | | | |
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INDEX TO EXHIBITS
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| Exhibit No. | | Description |
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| 99.1 | | Press release of CT Communications, Inc. dated March 16, 2006 |
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