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NULM.OB > SEC Filings for NULM.OB > Form 8-K on 25-Sep-2009All Recent SEC Filings

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Form 8-K for NEW ULM TELECOM INC

25-Sep-2009

Completion of Acquisition or Disposition of Assets, Financial Statements and


ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

On September 24, 2009, New Ulm Telecom, Inc. ("New Ulm") completed the sale of its ownership interests in SHAL Networks, Inc., SHAL, LLC, Direct Communications, LLC and En-Tel Communications, LLC to Iowa Telecommunications Services, Inc. for approximately $1.9 million.

The sale of these minority owned investments allowed New Ulm to monetize non-core investments. In addition, this transaction released New Ulm from approximately $5.7 million in loan guarantees to RTFC for loans made to SHAL, LLC and En-Tel Communications, LLC.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit 99.1 Press Release dated September 24, 2009.

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