CTE Files Prospectus Supplement for Convertible Notes Exchange Offer to Delete a Term of the New Notes.DALLAS, Pa. -- Commonwealth Telephone Enterprises, Inc. ("CTE (Coefficient of Thermal Expansion) The difference between the way two materials expand when heat is applied. This is very critical when chips are mounted to printed circuit boards, because the silicon chip expands at a different rate than the plastic board. ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CTCO CTCO Chicago Transportation Coordination Office ), announced today that it has filed with the U.S. Securities and Exchange Commission a prospectus supplement to the prospectus dated June 24, 2005 (the "Prospectus"), regarding its offer to exchange its 2005 Series A 3 1/4% Convertible Notes due 2023 (the "New Notes"), and an exchange fee for all of its outstanding 2003 3 1/4% Convertible Notes due 2023. In the prospectus supplement, CTE has deleted the provision of the New Notes as set forth in the Prospectus that would have permitted it to irrevocably elect at any time to net share settle its conversion obligation with respect to the New Notes. No other terms of the New Notes or the exchange offer have been amended. The exchange offer expires at midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Tuesday, July 26, 2005, unless extended. A copy of the prospectus supplement and the Prospectus (and related materials) may be obtained from: David G. Weselcouch Senior Vice President - Investor Relations and Corporate Communications Commonwealth Telephone Enterprises, Inc. 100 CTE Drive Dallas, PA 18612-9774 Copies may also be obtained on the SEC's web site at www.sec.gov or from D.F. King & Co., Inc., the information agent for the exchange offer, at 800-859-8508. About CTE Headquartered in Dallas, PA, Commonwealth Telephone Enterprises, Inc., serves business and residential customers with a full array of technologically advanced data and voice telecommunications products and services, including broadband data services and high-speed Internet See broadband. access, delivered over its 100% digitally switched, fiber-rich network. CTE's primary operating segments are: Commonwealth Telephone Company ("CT"), the nation's eighth largest publicly held independent local exchange carrier, which has been operating in various rural Pennsylvania markets since 1897; and, CTSI CTSI Census Tract Street Index (US Census Bureau) CTSI California Traffic Safety Institute CTSI Corbett Technology Solutions, Inc. (Chantilly, VA) CTSI Central Terminal Signaling Interface , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("CTSI"), a local exchange carrier operating in competitive markets outside CT's territory, that formally commenced operations in 1997. CTE deploys broadband DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary technology to offer high-speed Internet access in the CT and CTSI service territories. CTE's support businesses include epix(R) Internet Services (www.epix.net), one of the Northeast's largest rural dial-up Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. ("ISPs"), and Commonwealth Communications, a provider of telecommunications equipment and facilities management services. A web site featuring current information regarding Commonwealth Telephone Enterprises, Inc., can be found on the Internet at www.ct-enterprises.com. However, the information on this web site does not form a part of this release. This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any securities, nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration, or qualification, under the securities laws of any such state. The exchange offer is being made only pursuant to the Prospectus (as amended and supplemented) and the related materials. |
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