UNITED STATES
SECURITIES AND EXCHANE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934. Date of
Report (Date of earliest event reported): October 19, 1999
NEW ULM TELECOM, INC.
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(Exact name of registrant as specified in its charter)
Minnesota 0-3024 41-0440990
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification Number)
400 2nd Street North, PO Box 697, New Ulm, MN 56073
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(Address of principal executive office) (Zip Code)
Registrant's telephone number including area code (507)354-4111
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ITEM 5. OTHER EVENTS.
On October 19, 1999, New Ulm Telecom, Inc. (the "Company") approved the
plant construction project for the city of New Ulm, MN, which is estimated to be
$10 million. The project will involve placing fiber optics and electronics
equipment, which will provide the capabilities of Video Digital Subscriber Line
(VDSL) to every subscriber, within the city limits of New Ulm, MN. The company
will begin construction in the fourth quarter of 1999 with an estimated
completion of third quarter 2000.
The addition of fiber optics and electronics equipment will result in
plant retirements of approximately $2 million. These retirements will be from
plant that is fully depreciated, therefore no additional write-offs, due to any
retirements, will be recognized.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
NEW ULM TELECOM, INC.
(Registrant)
Dated: October 28, 1999 By /s/ James P. Jensen
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James P. Jensen, Chairman
Dated: October 28, 1999 By /s/ Bill Otis
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Bill Otis, President
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