CONCORD, NC—The shareholders of CT Communications (Nasdaq:CTCI) have approved the merger agreement providing for the acquisition of CT by Windstream Corp. in a deal valued at about $585 million.

Under the terms of the merger agreement, the holders of CT Communications stock will receive $31.50 per share in cash for their shares. The parties anticipate that the transaction will close by the end of August 2007. The merger is, however, still subject to certain customary closing conditions.
CT sells integrated telecommunications and related services to residential and business customers, primarily in North Carolina.

On the Web: www.ctc.net

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