8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                  JUNE 27, 2006
                Date of report (Date of earliest event reported)


                              NEW ULM TELECOM, INC.
             (Exact name of registrant as specified in its charter)

          MINNESOTA                 0-3024                   41-0440990
(State or other jurisdiction     (Commission               (IRS Employer
      of incorporation)          File Number)           Identification No.)

                            27 NORTH MINNESOTA STREET
                                NEW ULM, MN 56073
          (Address of principal executive offices, including zip code)

                                 (507) 354-4111
              (Registrant's telephone number, including area code)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2):

[_]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)
[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)
[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))
[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



ITEM 1.01   ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On June 27, 2006, New Ulm Telecom, Inc. entered into a definitive agreement to
acquire a one-third interest in Hector Communications Corporation through a
recently formed corporation, Hector Acquisition Corporation. The Hector
Acquisition Corporation is equally owned by New Ulm Telecom, Inc., Blue Earth
Valley Communications, Inc. and Arvig Enterprises, Inc. Hector Acquisition
Corporation has entered into a merger agreement to acquire all of the
outstanding shares of Hector Communications Corporation. Information on this
transaction is contained in the attached press releases.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS.

      (d)   Exhibits

            See "Exhibit Index."


























                                       2




                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                New Ulm Telecom, Inc.

Date:  June 27, 2006                            By:  /s/ Nancy Blankenhagen
                                                     --------------------------
                                                     Nancy Blankenhagen
                                                     Chief Financial Officer































                                       3




                                  EXHIBIT INDEX



Exhibit
Number                  Description
- -------                 -----------------------------------------------------

99-1                    Press release, dated June 27, 2006.

99-2                    Press release, dated June 27, 2006.






























                                        4

EX-99.1

                                                                    EXHIBIT 99-1


         NEWS RELEASE             NEWS RELEASE             NEWS RELEASE

FROM: NU-Telecom                  FOR RELEASE: Immediate
      27 N. Minnesota
      New Ulm, MN 56073           CONTACT:  Bill Otis
      Tele. 507-354-4111                    NU-Telecom
                                            507-354-4111
                                            E-mail: billotis@nu-telcom.net


                    NEW ULM TELECOM, INC. AGREES TO ACQUIRE
                AN INTEREST IN HECTOR COMMUNICATIONS CORPORATION

NEW ULM, MINN., (JUNE 27, 2006) - New Ulm Telecom, Inc. (OTCBB:NULM) today
announced that it had agreed to acquire a one-third interest in Hector
Communications Corporation (Hector) through a recently formed corporation,
Hector Acquisition Corporation, to be owned equally by New Ulm Telecom, Inc.,
Blue Earth Valley Communications, Inc. and Arvig Enterprises, Inc. Completion of
the transaction is subject to the approval of the shareholders of Hector
Communications Corporation as well as the satisfaction of other conditions
including state and federal regulatory approvals and the completion of Alltel
Corporation's acquisition of Midwest Wireless Holdings, L.L.C. announced in
November 2005. New Ulm and Hector are both members of Midwest Wireless Holdings,
L.L.C. A separate announcement describing the transaction in greater detail was
made today by Hector Communications Corporation.

Bill Otis, President and Chief Executive Officer of New Ulm Telecom, Inc. stated
that: "This acquisition will allow New Ulm and its partners to complement their
current operations and will provide future operational growth for New Ulm
Telecom, Inc."

New Ulm Telecom, Inc. is a telecommunications provider serving rural communities
in Minnesota and Iowa. At March 31, 2006, the Company served approximately
16,700 telephone access lines, 4,800 cable television subscribers and 5,400
Internet customers.

Statements in this press release that are not historical, including statements
regarding consummation of the proposed stock purchase described herein, are
forward-looking and are subject to various risks and uncertainties that could
cause actual results to vary materially from those stated. These risks and
uncertainties include the risk that closing conditions may not be satisfied or
waived as well as other risks and uncertainties set forth in New Ulm Telecom,
Inc.'s Form 10-K for the year ended December 31, 2005 and Form 10-Q for the
quarter ended March 31, 2006 filed with the Securities and Exchange Commission.
New Ulm Telecom, Inc. disclaims any obligation to revise these forward-looking
statements or to provide any updates regarding information contained in this
release resulting from new information, future events or otherwise.

EX-99.2

                                                                    EXHIBIT 99-2



June 27, 2006


Contact:   Curtis A. Sampson, Chairman
           Steven H. Sjogren, President
           Paul N. Hanson, Vice President and Treasurer
           Telephone - (320) 848-6611

FOR IMMEDIATE RELEASE

HECTOR COMMUNICATIONS CORPORATION AGREES TO BE ACQUIRED BY CONSORTIUM OF
MINNESOTA TELEPHONE COMPANIES FOR $36.40 PER SHARE

     (Hector, Minnesota) - June 27, 2006 - Hector Communications Corporation
(AMEX: HCT) today announced that it has entered into an definitive merger
agreement with Hector Acquisition Corporation (HAC), a recently formed
corporation owned by Blue Earth Valley Communications, Inc., Arvig Enterprises,
Inc. and New Ulm Telecom, Inc. (OTCBB:NULM.BB), three independent local exchange
carriers operating in Minnesota. Under the terms of the agreement, shareholders
of Hector Communications Corporation (the "Company") will be entitled to receive
$36.40 per share in cash and outstanding options will be cashed out.

     The Board of Directors of the Company has unanimously approved the merger
agreement and will recommend that the Company's shareholders approve the merger
when it is presented for shareholder approval at a shareholders meeting later
this year. The Company's financial advisor, Stifel, Nicolaus & Company,
Incorporated provided an opinion to the Company's Board that the consideration
to be paid to the shareholders of the Company in the transaction is fair to such
shareholders from a financial point of view. HAC has received a commitment
letter from CoBank, ACB to provide the debt financing required for this
transaction.

     The consummation of the merger transaction is subject to a number of
conditions, including approval by state and federal regulatory authorities and
achieving working capital and long-term debt levels specified in the agreement.
In addition, completion of the merger is subject to closing of Alltel
Corporation's acquisition of Midwest Wireless Holdings L.L.C. announced in
November 2005. The Company is an owner of Midwest Wireless and, upon completion
of the sale of Midwest Wireless to Alltel, expects to receive net, after tax
proceeds of approximately $39,500,000. A Delaware court challenge to Alltel's
acquisition of Midwest Wireless was recently dismissed, but the completion of
this transaction is subject to several other conditions, including FCC and
Hart-Scott-Rodino approvals. Based on information currently available to the
Company, and subject to the satisfaction of all conditions to the merger, it is
presently anticipated that HAC's acquisition of the Company will be completed in
approximately 90 to 120 days.



     Curtis A. Sampson, Chairman and Chief Executive Officer stated: "The
agreement with Hector Acquisition Corp. is the culmination of a process we began
approximately one year ago to explore strategic alternatives available. We
believe we have maximized shareholder value through this process."

     Hector Communications Corporation is a telecommunications holding company
which through its subsidiaries provides telecommunications services in rural
communities in Minnesota, Wisconsin and North Dakota. At March 31, 2006, the
Company served approximately 29,400 telephone access lines, 8,000 cable
television subscribers and 11,300 internet customers, as well as having minority
ownership interests in many other telecommunications companies.



                              CAUTIONARY STATEMENT

     The Private Securities Litigation Reform Act of 1995 contains certain safe
harbor provisions regarding forward-looking statements. These statements may
include, without limitation, statements with respect to anticipated future
operating and financial performance, growth opportunities and growth rates,
acquisition and divestiture opportunities, business strategies, business and
competitive outlook and other similar forecasts and statements of expectation.
Words such as expects, anticipates, intends, plans, believes, seeks, estimates
and should, and variations of these words and similar expressions, are intended
to identify these forward-looking statements. Such forward-looking statements
are subject to risks and uncertainties that could cause actual results to differ
materially from such statements.

     Due to the uncertainties listed and the fact that any forward-looking
statements made by Hector and its management are based on estimates,
projections, beliefs and assumptions of management, they are not guarantees of
future performance. Except as required by law, Hector disclaims any obligation
to update or revise any forward-looking statements based on the occurrence of
future events, the receipt of new information, or otherwise.