##### 



Exhibit 11

CT COMMUNICATIONS, INC.
AND SUBSIDIARIES

Computation of Earnings Per Share
(in thousands, except share and per share data)

|                                                                  |  |                              |            |      |  |   |            | 
|----------------------------------------------------------------- |  | ---------------------------- | ---------- | ---- |  | - | ---------- | 
|                                                                  |  | Three months ended March 31,
|                                                                  |  |                             
|                                                                  |  | 2003                         |            | 2002
|                                                                  |  |                              |            |     
|Computation of share totals used in
computing earnings per share: |  |                              |            |      |  |   |            | 
|                                                                  |  |                              |            |      |  |   |            | 
|Weighted average number of shares
outstanding                     |  |                              | 18,716,176 |      |  |   | 18,759,318 | 
|                                                                  |  |                              |            |      |  |   |            | 
|Basic average shares outstanding (a)                              |  |                              | 18,716,176 |      |  |   | 18,759,318 | 
|                                                                  |  |                              |            |      |  |   |            | 
|Incremental shares arising from
outstanding stock options         |  |                              | 10,219     |      |  |   | 53,224     | 
|                                                                  |  |                              |            |      |  |   |            | 
|                                                                  |  |                              |            |      |  |   |            | 
|Totals (b)                                                        |  |                              | 18,726,395 |      |  |   | 18,812,542 | 
|                                                                  |  |                              |            |      |  |   |            | 
|                                                                  |  |                              |            |      |  |   |            | 
|Earnings for common stock (c)                                     |  | $                            | 2,476      |      |  | $ | 2,732      | 
|                                                                  |  |                              |            |      |  |   |            | 
|                                                                  |  |                              |            |      |  |   |            | 
|Earnings per share basic (c)/(a)                                  |  | $                            | 0.13       |      |  | $ | 0.15       | 
|                                                                  |  |                              |            |      |  |   |            | 
|                                                                  |  |                              |            |      |  |   |            | 
|Earnings per share assuming full
dilution (c)/(b)                 |  | $                            | 0.13       |      |  | $ | 0.15       | 
|                                                                  |  |                              |            |      |  |   |            |