CTE Files Registration Statement in Connection with Previously Issued Convertible Notes.

Business Editors

DALLAS, Pa.--(BUSINESS WIRE)--Nov. 7, 2003

Commonwealth Telephone Enterprises, Inc. ("CTE") (Nasdaq: CTCO), announced that in connection with its July 2003 private offering of convertible notes it has today filed a Registration Statement on Form S-1 with the Securities and Exchange Commission ("SEC") in satisfaction of certain registration rights granted to the holders of the notes.

When declared effective by the SEC, the registration statement will be available for use by the holders named therein to resell the previously issued $300 million 3 1/4% Convertible Notes due 2023 and the shares of common stock issuable upon conversion of those notes.

CTE will not receive any proceeds from any resale of the convertible notes by the holders or the common stock issuable upon conversion of the convertible notes.

When available, a copy of the prospectus (as supplemented) 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

The registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About CTE

Headquartered in Dallas, PA, Commonwealth Telephone Enterprises, Inc., serves a growing base of business and residential customers with the full array of technologically advanced data and voice telecommunications products and services, including broadband data services and high-speed Internet access, delivered over its 100% digitally switched, fiber-rich network.

CTE's primary operating segments are: Commonwealth Telephone Company ("CT"), the nation's 7th largest publicly held independent local exchange carrier, which has been operating in various rural Pennsylvania markets since 1897; and, CTSI, LLC ("CTSI"), a local exchange carrier operating in competitive markets outside CT's territory, that formally commenced operations in 1997. CTE's support businesses include epix(R)Internet Services (www.epix.net), one of the Northeast's largest rural Internet Service Providers ("ISPs"); and, Jack Flash(R), a broadband data service that uses DSL technology to offer high-speed Internet access and digital connectivity solutions. Additionally, CTE operates two other support businesses that provide products, services and expertise to its CT and CTSI operations. These businesses are Commonwealth Communications, a provider of telecommunications equipment and facilities management services; and, CLD, a long-distance reseller.