----

----

| þ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES |
|--------|--------------------------------------------------------------------|
|   | EXCHANGE ACT OF 1934                                               |
|   | For the quarterly period ended March 31, 2010                      |

| ¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934            |
|--------|-----------------------------------------------------------------------------------------------------|
|   | For the transition period from     to      . |

|   | Commission file number   0-13721 |
|--------|-------------------------------------------------|

|   | HICKORY TECH CORPORATION |
|--------|--------------------------|

|   | (Exact name of registrant as specified in its charter) |
|--------|--------------------------------------------------------|

| Minnesota                       | 41-1524393          |
|---------------------------------|---------------------|
| (State or other jurisdiction of | (I.R.S. Employer    |
| incorporation or organization)  | Identification No.) |

|   | 221 East Hickory Street |
|--------|-------------------------|

|   | Mankato, Minnesota  56002-3248 |
|--------|------------------------------------------|

|   | (Address of principal executive offices and zip code) |
|--------|-------------------------------------------------------|

|   | (800) 326-5789 |
|--------|----------------|

|   | (Registrant’s telephone number, including area code) |
|--------|------------------------------------------------------------|

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Table of Contents

TABLE OF CONTENTS

|   | PART I Financial Information |
|--------|------------------------------|

| Item 1. | Financial Statements                                                                                 |   3 |
|---------|------------------------------------------------------------------------------------------------------|---------------|
|    | Consolidated Statements of Operations (unaudited) for the Three Months Ended March 31, 2010 and 2009 | 3             |
|    | Consolidated Balance Sheets (unaudited) as of March 31, 2010 and December 31, 2009                   | 4             |
|    | Consolidated Statements of Cash Flows (unaudited) for the Three Months Ended March 31, 2010 and 2009 | 5             |
|    | Condensed Notes to Consolidated Financial Statements (unaudited)                                     | 6             |
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations                | 14            |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk                                           | 24            |
| Item 4. | Controls and Procedures                                                                              | 24            |
|    |                                                                                                 |          |

|   | PART II Other Information |
|--------|---------------------------|

| Item 1.  | Legal Proceedings                                           | 24     |
|----------|-------------------------------------------------------------|--------|
| Item 1A. | Risk Factors                                                | 24     |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds | 24     |
| Item 3.  | Defaults Upon Senior Securities                             | 24     |
| Item 4.  | Removed and Reserved                                        | 25     |
| Item 5.  | Other Information                                           | 25     |
| Item 6.  | Exhibit Listing                                             | 25     |
|     | Signatures                                                  | 26     |
|     | Exhibits                                                    |   |

----

Table of Contents

Part I  Financial Information

Item 1.  Financial Statements

| HICKORY TECH CORPORATION                                                              |   |
|---------------------------------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENTS OF OPERATIONS                                                 |   |
| (Unaudited)                                                                           |   |
|                                                                                  |   |   |   |   |   |   |
|                                                                                  |   | Three Months Ended March 31 |   |
| (Dollars in thousands, except share and per share amounts)                            |   | 2010 |   |   | 2009 |   |
| Operating revenue:                                                                    |   |   |   |   |   |   |
| Enventis Sector                                                                       |   |   |   |   |   |   |
|    Equipment                                                           |   | $ | 9,884 |   |   | $ | 6,791 |   |
|    Services                                                            |   |   | 11,470 |   |   |   | 8,998 |   |
| Total Enventis Sector                                                                 |   |   | 21,354 |   |   |   | 15,789 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Telecom Sector                                                                        |   |   | 17,366 |   |   |   | 17,672 |   |
|   Total operating revenue                                                        |   |   | 38,720 |   |   |   | 33,461 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Costs and expenses:                                                                   |   |   |   |   |   |   |   |   |
| Cost of sales, excluding depreciation and amortization                                |   |   | 8,475 |   |   |   | 5,999 |   |
| Cost of services, excluding depreciation and amortization                             |   |   | 14,178 |   |   |   | 12,465 |   |
| Selling, general and administrative expenses                                          |   |   | 6,196 |   |   |   | 5,156 |   |
| Depreciation                                                                          |   |   | 5,322 |   |   |   | 5,069 |   |
| Amortization of intangibles                                                           |   |   | 89 |   |   |   | 214 |   |
|   Total costs and expenses                                                       |   |   | 34,260 |   |   |   | 28,903 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Operating income                                                                      |   |   | 4,460 |   |   |   | 4,558 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Other income and expense:                                                             |   |   |   |   |   |   |   |   |
| Interest and other income                                                             |   |   | 37 |   |   |   | 9 |   |
| Interest expense                                                                      |   |   | (1,591 | ) |   |   | (1,708 | ) |
|   Total other (expense)                                                          |   |   | (1,554 | ) |   |   | (1,699 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |
| Income before income taxes                                                            |   |   | 2,906 |   |   |   | 2,859 |   |
| Income tax provision                                                                  |   |   | 1,479 |   |   |   | 1,233 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Net income                                                                            |   | $ | 1,427 |   |   | $ | 1,626 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Basic earnings per share                                                              |   | $ | 0.11 |   |   | $ | 0.12 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding                                            |   |   | 13,154,781 |   |   |   | 13,018,602 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Diluted earnings per share                                                            |   | $ | 0.11 |   |   | $ | 0.12 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Weighted average common and equivalent shares outstanding                             |   |   | 13,159,326 |   |   |   | 13,019,248 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| Dividends per share                                                                   |   | $ | 0.13 |   |   | $ | 0.13 |   |
|                                                                                  |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the consolidated financial statements. |   |

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Table of Contents

| HICKORY TECH CORPORATION                                                                                      |   |
|---------------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED BALANCE SHEETS                                                                                   |   |
| (Unaudited)                                                                                                   |   |
|                                                                                                          |   |   |   |   |   |   |
| (Dollars in thousands except share and per share amounts)                                                     |   | March 31, 2010 |   |   | December 31, 2009 |   |
| ASSETS                                                                                                        |   |
| Current assets:                                                                                               |   |   |   |   |   |   |
|     Cash and cash equivalents                                                                  |   | $ | 62 |   |   | $ | 2,420 |   |
|     Receivables, net of allowance for doubtful accounts of $599 and $643                       |   |   | 20,338 |   |   |   | 19,729 |   |
|     Inventories                                                                                |   |   | 7,214 |   |   |   | 5,069 |   |
|     Deferred income taxes, net                                                                 |   |   | 2,423 |   |   |   | 2,423 |   |
|     Prepaid expenses                                                                           |   |   | 2,438 |   |   |   | 1,751 |   |
|     Other                                                                                      |   |   | 604 |   |   |   | 1,039 |   |
|        Total current assets                                                     |   |   | 33,079 |   |   |   | 32,431 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Investments                                                                                                   |   |   | 4,492 |   |   |   | 4,306 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Property, plant and equipment                                                                                 |   |   | 360,603 |   |   |   | 357,607 |   |
|     Accumulated depreciation                                                                   |   |   | (208,977 | ) |   |   | (204,129 | ) |
|        Property, plant and equipment, net                                       |   |   | 151,626 |   |   |   | 153,478 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Other assets:                                                                                                 |   |   |   |   |   |   |   |   |
|     Goodwill                                                                                   |   |   | 27,303 |   |   |   | 27,423 |   |
|     Intangible assets, net                                                                     |   |   | 2,936 |   |   |   | 3,025 |   |
|     Deferred costs and other                                                                   |   |   | 1,699 |   |   |   | 1,820 |   |
|        Total other assets                                                       |   |   | 31,938 |   |   |   | 32,268 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Total assets                                                                                                  |   | $ | 221,135 |   |   | $ | 222,483 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| LIABILITIES & SHAREHOLDERS' EQUITY                                                                        |   |
| Current liabilities:                                                                                          |   |   |   |   |   |   |   |   |
|     Extended term payable                                                                      |   | $ | 11,423 |   |   | $ | 6,788 |   |
|     Accounts payable                                                                           |   |   | 2,640 |   |   |   | 2,883 |   |
|     Accrued expenses and other                                                                 |   |   | 6,745 |   |   |   | 7,792 |   |
|     Accrued income taxes                                                                       |   |   | 788 |   |   |   | 642 |   |
|     Deferred revenue                                                                           |   |   | 5,183 |   |   |   | 6,016 |   |
|     Current maturities of long-term obligations                                                |   |   | 654 |   |   |   | 620 |   |
|        Total current liabilities                                                |   |   | 27,433 |   |   |   | 24,741 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Long-term liabilities:                                                                                        |   |   |   |   |   |   |   |   |
|     Debt obligations, net of current maturities                                                |   |   | 115,511 |   |   |   | 119,871 |   |
|     Financial derivative instruments                                                           |   |   | 1,628 |   |   |   | 1,908 |   |
|     Accrued income taxes                                                                       |   |   | 3,240 |   |   |   | 3,218 |   |
|     Deferred income taxes                                                                      |   |   | 22,325 |   |   |   | 21,895 |   |
|     Deferred revenue                                                                           |   |   | 1,709 |   |   |   | 2,095 |   |
|     Accrued employee benefits and deferred compensation                                        |   |   | 14,382 |   |   |   | 14,209 |   |
|        Total long-term liabilities                                              |   |   | 158,795 |   |   |   | 163,196 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
|        Total liabilities                                                        |   |   | 186,228 |   |   |   | 187,937 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Commitments and contingencies                                                                                 |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Shareholders' equity:                                                                                         |   |   |   |   |   |   |   |   |
|     Common stock, no par value, $.10 stated value                                              |   |   |   |   |   |   |   |   |
|        Shares authorized: 100,000,000                                           |   |   |   |   |   |   |   |   |
|        Shares issued and outstanding: 13,237,984 in 2010 and 13,100,568 in 2009 |   |   | 1,324 |   |   |   | 1,310 |   |
|     Additional paid-in capital                                                                 |   |   | 13,372 |   |   |   | 12,975 |   |
|     Retained earnings                                                                          |   |   | 24,409 |   |   |   | 24,687 |   |
|     Accumulated other comprehensive (loss)                                                     |   |   | (4,198 | ) |   |   | (4,426 | ) |
|         Total shareholders' equity                                         |   |   | 34,907 |   |   |   | 34,546 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Total liabilities and shareholders' equity                                                                    |   | $ | 221,135 |   |   | $ | 222,483 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the consolidated financial statements.                         |   |

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| HICKORY TECH CORPORATION                                                                                              |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                                                 |   |
| (Unaudited)                                                                                                           |   |
|                                                                                                                  |   |   |   |
|                                                                                                                  |   | Three Months Ended March 31 |   |
| (Dollars in thousands)                                                                                                |   | 2010 |   |   | 2009 |   |
| OPERATING ACTIVITIES:                                                                                                 |   |   |   |   |   |   |
| Net income                                                                                                            |   | $ | 1,427 |   |   | $ | 1,626 |   |
| Adjustments to reconcile net income to net cash provided by operating activities:                                     |   |   |   |   |   |   |   |   |
|     Depreciation and amortization                                                                 |   |   | 5,411 |   |   |   | 5,283 |   |
|     Accrued patronage refunds                                                                     |   |   | (124 | ) |   |   | (149 | ) |
|     Stock based compensation                                                                      |   |   | 352 |   |   |   | 126 |   |
|     Other                                                                                         |   |   | 263 |   |   |   | 8 |   |
|     Changes in operating assets and liabilities, net of effect from acquired net assets           |   |   |   |   |   |   |   |   |
|         Receivables                                                           |   |   | (648 | ) |   |   | 9,984 |   |
|         Prepaids                                                              |   |   | (687 | ) |   |   | (821 | ) |
|         Inventories                                                           |   |   | (2,145 | ) |   |   | 2,888 |   |
|         Accounts payable and accrued expenses                                 |   |   | (1,283 | ) |   |   | (2,846 | ) |
|         Deferred revenue, billings and deposits                               |   |   | (1,218 | ) |   |   | (983 | ) |
|         Income taxes                                                          |   |   | 447 |   |   |   | 936 |   |
|         Other                                                                 |   |   | 496 |   |   |   | 478 |   |
|     Net cash provided by operating activities                                                          |   |   | 2,291 |   |   |   | 16,530 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES:                                                                                                 |   |   |   |   |   |   |   |   |
|     Additions to property, plant and equipment                                                         |   |   | (3,429 | ) |   |   | (2,636 | ) |
|     Acquisition, adjustment to purchase price                                                          |   |   | 120 |   |   |   | - |   |
|     Proceeds from sale of assets                                                                       |   |   | 33 |   |   |   | - |   |
|     Net cash (used in) investing activities                                                            |   |   | (3,276 | ) |   |   | (2,636 | ) |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| FINANCING ACTIVITIES:                                                                                                 |   |   |   |   |   |   |   |   |
|     Net change in extended term payables arrangement                                                   |   |   | 4,635 |   |   |   | (5,706 | ) |
|     Borrowings on credit facility                                                                      |   |   | 800 |   |   |   | - |   |
|     Payments on credit facility and capital lease obligations                                          |   |   | (5,161 | ) |   |   | (1,626 | ) |
|     Proceeds from issuance of common stock                                                             |   |   | 59 |   |   |   | 67 |   |
|     Dividends paid                                                                                     |   |   | (1,706 | ) |   |   | (1,690 | ) |
|     Net cash (used in) financing activities                                                            |   |   | (1,373 | ) |   |   | (8,955 | ) |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                                                                  |   |   | (2,358 | ) |   |   | 4,939 |   |
| Cash and cash equivalents at beginning of the period                                                                  |   |   | 2,420 |   |   |   | 1,626 |   |
| Cash and cash equivalents at the end of the period                                                                    |   | $ | 62 |   |   | $ | 6,565 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                                     |   |   |   |   |   |   |   |   |
|     Cash paid for interest                                                                             |   | $ | 1,804 |   |   | $ | 1,783 |   |
|     Net cash paid for income taxes                                                                     |   | $ | 1,032 |   |   | $ | 298 |   |
| Non-cash investing and financing activities:                                                                          |   |   |   |   |   |   |   |   |
|     Property, plant and equipment acquired with capital leases                                         |   | $ | 35 |   |   | $ | 210 |   |
|     Change in other comprehensive income (loss) from financial derivativesand post-retirement benefits |   | $ | 228 |   |   | $ | 313 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of the consolidated financial statements.                                 |   |

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Item 1. 

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Table of Contents

|                                                                |   | Three Months Ended March 31 |       |
|---------------------------------------------------------------------|--------|-----------------------------|------------|
| (Dollars in thousands, except share and earnings per share amounts) |   | 2010                        |       |   | 2009 |   |
|                                                                |   |                        |       |   |   |   |
| Net Income                                                          |   | $                           | 1,427      |   |   | $ | 1,626 |   |
|                                                                |   |                        |       |   |   |   |   |   |
| Weighted average shares outstanding                                 |   |                        | 13,154,781 |   |   |   | 13,018,602 |   |
| Potentially dilutive common shares                                  |   |                        | 4,545      |   |   |   | 646 |   |
| Total dilutive shares outstanding                                   |   |                        | 13,159,326 |   |   |   | 13,019,248 |   |
|                                                                |   |                        |       |   |   |   |   |   |
| Earnings per share:                                                 |   |                        |       |   |   |   |   |   |
|     Basic                                       |   | $                           | 0.11       |   |   | $ | 0.12 |   |
|     Diluted                                     |   | $                           | 0.11       |   |   | $ | 0.12 |   |

| Shares outstanding on record date |   | 2010   |       |   | 2009   |   |
|-----------------------------------|--------|--------|------------|--------|--------|--------|
| First quarter (February 15)       |   |   | 13,120,514 |   |   |   | 13,000,953 |   |

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|                                                      |   | Unrecognized  |   |   | Unrecognized  |   |   | Unrecognized |   |   | Unrealized     |   |   | Accumulated Other |   |
|-----------------------------------------------------------|--------|---------------|--------|--------|---------------|--------|--------|--------------|--------|--------|----------------|--------|--------|-------------------|--------|
|                                                      |   | Net Actuarial |   |   | Prior Service |   |   | Transition   |   |   | Gain/(Loss)    |   |   | Comprehensive     |   |
| (Dollars in thousands)                                    |   | Loss (1)      |   |   | Credit (1)    |   |   | Asset (1)    |   |   | on Derivatives |   |   | Income/(Loss)     |   |
| December 31, 2009                                         |   | $             | (3,380 | )      |          | $      | 213    |         |   | $      | (109           | )      |   | $                 | (1,150 | ) |   | $ | (4,426 | ) |
| 2010 Q1 Activity                                          |   |          |   |   |          |   |   |         |   |   |           |   |   |              | 168    |   |   |   | 168 |   |
| Q1 Net Periodic Benefit Cost                              |   |          | 59     |   |          |   | (8     | )            |   |   | 9              |   |   |              |   |   |   |   | 60 |   |
| March 31, 2010                                            |   | $             | (3,321 | )      |          | $      | 205    |         |   | $      | (100           | )      |   | $                 | (982   | ) |   | $ | (4,198 | ) |
|                                                      |   |          |   |   |          |   |   |         |   |   |           |   |   |              |   |   |   |   |   |   |
| (1) Amounts pertain to our post-retirement benefit plans. |   |          |   |   |          |   |   |         |   |   |           |   |   |              |   |   |   |

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| (Dollars in thousands)                                          |   | 2010   |   |
|-----------------------------------------------------------------|--------|--------|--------|
| Goodwill as of December 31, 2009                                |   | $      | 27,423 |   |
| Goodwill adjustments associated with the purchase of CP Telecom |   |   | (120   | ) |
| Goodwill as of March 31, 2010                                   |   | $      | 27,303 |   |

| (Dollars in thousands)           |         |   | As of March 31, 2010 |   |   | As of December 31, 2009 |   |
|----------------------------------|--------------|--------|----------------------|--------|--------|-------------------------|--------|
|                             |         |   | Gross Carrying       |   |   | Accumulated             |   |   | Gross Carrying |   |   | Accumulated |   |
|                             | Useful Lives |   | Amount               |   |   | Amortization            |   |   | Amount |   |   | Amortization |   |
| Definite-Lived Intangible Assets |         |   |                 |   |   |                    |   |   |   |   |   |   |   |
| Customer relationships           | 1 - 8 years  |   | $                    | 5,299  |   |                    | $      | 4,372 |   |   | $ | 5,299 |   |   | $ | 4,318 |   |
| Other intangibles                | 1 - 5 years  |   |                 | 2,830  |   |                    |   | 821 |   |   |   | 2,830 |   |   |   | 786 |   |
| Total                            |         |   | $                    | 8,129  |   |                    | $      | 5,193 |   |   | $ | 8,129 |   |   | $ | 5,104 |   |

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| (Dollars in thousands)                     |   |     |   |   |    |   |    |                       |   |   |         |   |
|--------------------------------------------|--------|----------|--------|--------|---------|--------|---------|----------------------------|--------|--------|--------------|--------|
| Three Months Ended March 31, 2010          |   | Enventis |   |   | Telecom |   |    | Corporate and Eliminations |   |   | Consolidated |   |
| Revenue from unaffiliated customers        |   | $        | 21,354 |   |    | $      | 17,366  |                       |   | $      | -            |   |   | $ | 38,720 |   |
| Intersegment revenue                       |   |     | 133    |   |    |   | 429     |                       |   |   | (562         | )      |   |   | - |   |
|    Total operating revenue  |   |     | 21,487 |   |    |   | 17,795  |                       |   |   | (562         | )      |   |   | 38,720 |   |
|                                       |   |     |   |   |    |   |    |                       |   |   |         |   |   |   |   |   |
| Depreciation and amortization              |   |     | 1,364  |   |    |   | 4,016   |                       |   |   | 31           |   |   |   | 5,411 |   |
| Operating income                           |   |     | 1,907  |   |    |   | 2,825   |                       |   |   | (272         | )      |   |   | 4,460 |   |
| Interest expense                           |   |     | -      |   |    |   | 25      |                       |   |   | 1,566        |   |   |   | 1,591 |   |
| Income tax provision (benefit)             |   |     | 810    |   |    |   | 1,398   |                       |   |   | (729         | )      |   |   | 1,479 |   |
| Net Income (loss)                          |   |     | 1,122  |   |    |   | 1,406   |                       |   |   | (1,101       | )      |   |   | 1,427 |   |
| Total assets                               |   |     | 76,249 |   |    |   | 138,233 |                       |   |   | 6,653        |   |   |   | 221,135 |   |
| Property, plant and equipment, net         |   |     | 47,598 |   |    |   | 103,776 |                       |   |   | 252          |   |   |   | 151,626 |   |
| Additions to property, plant and equipment |   |     | 2,064  |   |    |   | 1,365   |                       |   |   | -            |   |   |   | 3,429 |   |
|                                       |   |     |   |   |    |   |    |                       |   |   |         |   |   |   |   |   |
|                                       |   |     |   |   |    |   |    |                       |   |   |         |   |   |   |   |   |
| Three Months Ended March 31, 2009          |   | Enventis |   |   | Telecom |   |    | Corporate and Eliminations |   |   | Consolidated |   |
| Revenue from unaffiliated customers        |   | $        | 15,789 |   |    | $      | 17,672  |                       |   | $      | -            |   |   | $ | 33,461 |   |
| Intersegment revenue                       |   |     | 141    |   |    |   | 243     |                       |   |   | (384         | )      |   |   | - |   |
|    Total operating revenue  |   |     | 15,930 |   |    |   | 17,915  |                       |   |   | (384         | )      |   |   | 33,461 |   |
|                                       |   |     |   |   |    |   |    |                       |   |   |         |   |   |   |   |   |
| Depreciation and amortization              |   |     | 1,149  |   |    |   | 4,120   |                       |   |   | 14           |   |   |   | 5,283 |   |
| Operating income                           |   |     | 1,155  |   |    |   | 3,385   |                       |   |   | 18           |   |   |   | 4,558 |   |
| Interest expense                           |   |     | -      |   |    |   | 33      |                       |   |   | 1,675        |   |   |   | 1,708 |   |
| Income tax provision (benefit)             |   |     | 474    |   |    |   | 1,374   |                       |   |   | (615         | )      |   |   | 1,233 |   |
| Net Income (loss)                          |   |     | 681    |   |    |   | 1,978   |                       |   |   | (1,033       | )      |   |   | 1,626 |   |
| Total assets                               |   |     | 57,296 |   |    |   | 144,972 |                       |   |   | 12,922       |   |   |   | 215,190 |   |
| Property, plant and equipment, net         |   |     | 38,826 |   |    |   | 110,084 |                       |   |   | 276          |   |   |   | 149,186 |   |
| Additions to property, plant and equipment |   |     | 1,191  |   |    |   | 1,435   |                       |   |   | 10           |   |   |   | 2,636 |   |

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|                              |   |   |    |   | Weighted Average |   |
|-----------------------------------|--------|--------|---------|--------|------------------|--------|
|                              |   | Shares |    |   | Exercise Price   |   |
| Outstanding at January 1, 2010    |   |   | 430,950 |   |             | $      | 12.73 |   |
|     Granted   |   |   | -       |   |             |   | - |   |
|     Exercised |   |   | -       |   |             |   | - |   |
|     Forfeited |   |   | -       |   |             |   | - |   |
|     Expired   |   |   | (54,000 | )      |             |   | 13.85 |   |
| Outstanding at March 31, 2010     |   |   | 376,950 |   |             | $      | 12.73 |   |
| Exercisable at March 31, 2010     |   |   | 376,950 |   |             | $      | 12.73 |   |

| Range of                   |            |   | Stock Options |   |    | Stock Options |   |   | Weighted Average |   |   | Weighted Average Remaining |   |
|----------------------------|-----------------|--------|---------------|--------|---------|---------------|--------|--------|------------------|--------|--------|----------------------------|--------|
| Exercise Prices            |            |   | Outstanding   |   |    | Exercisable   |   |   | Exercise Price   |   |   | Contractual Life           |   |
|                       | $6.00 - $8.00   |   |          |   | 15,000  |          |   |   | 15,000           |   |   | $                          | 6.95   |   |   |   | 6.42 |   |
|                       | $8.00 - $12.00  |   |          |   | 156,950 |          |   |   | 156,950          |   |   |                       | 10.22  |   |   |   | 3.68 |   |
|                       | $12.00 - $16.00 |   |          |   | 151,250 |          |   |   | 151,250          |   |   |                       | 13.98  |   |   |   | 1.47 |   |
|                       | $16.00 - $21.00 |   |          |   | 53,750  |          |   |   | 53,750           |   |   |                       | 18.18  |   |   |   | 0.97 |   |
|                       |            |   |          |   | 376,950 |          |   |   | 376,950          |   |   | $                          | 12.73  |   |   |   | 2.51 |   |
|                       |            |   |          |   |    |          |   |   |             |   |   |                       |   |   |   |   |   |   |
| Aggregate intrinsic value: |            |   |          |   |    |          |   |   |             |   | $      | 44,400                     |   |   |   |   |   |

| ·   | Level 1 – quoted prices in active markets for identical assets and liabilities. |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | Level 2 – observable inputs other than quoted prices in active markets for identical assets and liabilities. |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

| ·   | Level 3 – unobservable inputs in which there is little or no market data available, which require the reporting entity to develop its own assumptions. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (Dollars in thousands)          |   | Gain Reported in                     |   |                                                          |   | Amount of Gain/Proceeds            |                             |
|---------------------------------|--------|--------------------------------------|--------|---------------------------------------------------------------|--------|------------------------------------|----------------------------------|
| Derivatives in ASC 815          |   | Accumulated Other Comprehensive Loss |   | Location of Gain/Proceeds Reclassified from Accumulated Other |   | Recognized in Income on Derivative |                             |
| Cash Flow Hedging Relationships |   | 2010                                 |   |                                                          | 2009   |                               | Comprehensive Income into Income |   | 2010 |   |   | 2009 |   |
|                            |   |                                 |   |                                                          |   |                               |                             |   |   |   |   |   |   |
| Interest Rate Contracts         |   | $                                    | 168    |                                                          |   | $                                  | 292                              |   | Interest Expense |   | $ | - |   |   | $ | - |   |

|                                                                            |   |   | Three Months Ended March 31 |   |
|---------------------------------------------------------------------------------|--------|--------|-----------------------------|--------|
| (Dollars in thousands)                                                          |   |   | 2010                        |   |   | 2009 |   |
| Components of net periodic benefit cost                                         |   |   |                        |   |   |   |   |
|     Service cost                                                 |   | $      | 113                         |   | $  |  77 |   |
|     Interest cost                                                |   |   |  181                   |   |   |  137 |   |
|     Amortization of transition obligation                        |   |   |  15                    |   |   |  15 |   |
|     Amortization of prior service cost                           |   |   |  (14)                  |   |   |  (14) |   |
|     Recognized net actuarial loss                                |   |   |  98                    |   |   |  33 |   |
|     Net periodic benefit cost                                    |   | $      | 393                         |   | $  |  248 |   |
|                                                                            |   |   |                        |   |   |   |   |
|                                                                            |   |   |                        |   |   |   |   |
| Employer's contributions for current premiums:                                  |   |   |                        |   |   | March 31, 2010 |   |
|     Contributions made for the three months ended March 31, 2010 |   |   |                        |   | $  |  80 |   |
|     Expected contributions for remainder of 2010                 |   |   |                        |   |   |  238 |   |
|     Total estimated employer contributions for fiscal year 2010  |   |   |                        |   | $  |  318 |   |

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| (Dollars in thousands)                                              |   | 2010   |   |
|---------------------------------------------------------------------|--------|--------|--------|
| Property and equipment                                              |   | $      | 3,986  |   |
| Identifiable intangible assets:                                     |   |   |   |   |
|      Customer relationships and contracts  |   |   |   | 1,070 |   |
|      Suppier relationship                  |   |   |   | 2,100 |   |
| Goodwill                                                            |   |   |   | 2,064 |   |
| Other assets and liabilities                                        |   |   | (653   | ) |
| Deferred income tax                                                 |   |   | (2,062 | ) |
| Allocation of purchase consideration                                |   | $      | 6,505  |   |

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| ·   | Enventis equipment sales rebounded from an 18-month downturn caused by the nationwide economic climate and were higher by $3,093,000, or 45.5% from the first quarter of 2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|          · | We realized 43.4% growth in our Enventis fiber and data services revenue in the three months ended March 31, 2010 over the same period in 2009, continuing the double-digit revenue growth that we have experienced within this product line during the past three years. Operating results for CP Telecom, our acquisition which closed on August 1, 2009, have been integrated into the fiber and data product line and are contributing to this growth. |
|---------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Broadband growth in the Telecom Sector helped offset the continued and expected decline in local service and access revenues. Overall, Telecom revenue declined by only $120,000, or 0.7%, in the first quarter of 2010 compared to the same period a year ago. The Telecom Sector continues to provide stable cash flows for our company. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Net income in the three-month period ended March 31, 2010 decreased by $199,000 or 12.2% compared to the same period in 2009. National health care legislation enacted in the first quarter of 2010 caused us to recognize non-cash income tax expense of $279,000 during the three months ended March 31, 2010.  Without the effects of this income tax adjustment, net income would have increased $80,000 or 4.9% over the same period a year ago. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Earnings before Interest, Taxes, Depreciation, and Amortization as defined in our debt agreement (“EBITDA”), a non-GAAP financial measure, is a significant measure of our operating cash flow and it increased slightly - $58,000, or 0.6%, in the first quarter of 2010 compared to the same period a year ago, despite lower net income for the period. A reconciliation of net income to EBITDA is found in the table below. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Capital expenditures for the period ended March 31, 2010 totaled $3,429,000, an increase of $793,000 or 30.1% from the same period in 2009. This increase reflects investment in our targeted strategic growth areas of broadband and expansion of our fiber and data network. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our operating cash flow combined with cash on hand allowed us to reduce the long-term and current portions of our debt balance by $4,326,000 during the first quarter of 2010. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                    |   | Three Months Ended March 31 |   |
|-----------------------------------------|--------|-----------------------------|--------|
| (Dollars in thousands)                  |   | 2010                        |   |   | 2009 |   |
| Reconciliation of net income to EBITDA: |   |                        |   |   |   |   |
|    Net income                 |   | $                           | 1,427  |   |   | $ | 1,626 |   |
|    Add:                       |   |                        |   |   |   |   |   |   |
| Depreciation                            |   |                        | 5,322  |   |   |   | 5,069 |   |
| Amortization of intangibles             |   |                        | 89     |   |   |   | 214 |   |
| Interest expense                        |   |                        | 1,591  |   |   |   | 1,708 |   |
| Income taxes                            |   |                        | 1,479  |   |   |   | 1,233 |   |
|    EBITDA                     |   | $                           | 9,908  |   |   | $ | 9,850 |   |

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| ENVENTIS SECTOR                                                       |   |
|-----------------------------------------------------------------------|--------|
|                                                                  |   |   |   |   |   |   |
|                                                                  |   | Three Months Ended March 31 |   |
| (Dollars in thousands)                                                |   | 2010 |   |   | 2009 |   |
| Operating revenue before intersegment eliminations:                   |   |   |   |   |   |   |
|                                                                  |   |   |   |   |   |   |
| Operating revenue                                                     |   |   |   |   |   |   |
| Equipment                                                             |   | $ | 9,884 |   |   | $ | 6,791 |   |
| Services                                                              |   |   | 1,857 |   |   |   | 2,341 |   |
|    Equipment and Services                              |   |   | 11,741 |   |   |   | 9,132 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Fiber and Data                                                        |   |   | 9,613 |   |   |   | 6,657 |   |
| Intersegment                                                          |   |   | 133 |   |   |   | 141 |   |
| Total Enventis operating revenue                                      |   | $ | 21,487 |   |   | $ | 15,930 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Total Enventis revenue before intersegment eliminations               |   |   |   |   |   |   |   |   |
|    Unaffiliated customers                              |   | $ | 21,354 |   |   | $ | 15,789 |   |
|    Intersegment                                        |   |   | 133 |   |   |   | 141 |   |
|                                                                  |   |   | 21,487 |   |   |   | 15,930 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Cost of sales  (excluding depreciation and amortization)    |   |   | 8,475 |   |   |   | 5,999 |   |
| Cost of services  (excluding depreciation and amortization) |   |   | 6,699 |   |   |   | 5,238 |   |
| Selling, general and administrative expenses                          |   |   | 3,042 |   |   |   | 2,389 |   |
| Depreciation and amortization                                         |   |   | 1,364 |   |   |   | 1,149 |   |
|    Total Enventis costs and expenses                   |   |   | 19,580 |   |   |   | 14,775 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Operating income                                                      |   | $ | 1,907 |   |   | $ | 1,155 |   |
| Net income                                                            |   | $ | 1,122 |   |   | $ | 681 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Capital expenditures                                                  |   | $ | 2,064 |   |   | $ | 1,191 |   |

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| ENVENTIS PRODUCT LINE REPORTING                                       |   |
|-----------------------------------------------------------------------|--------|
|                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                  |   | Three Months Ended March 31 |   |
|                                                                  |   | Equipment and Services |   |   | Fiber and Data |   |
| (Dollars in thousands)                                                |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Operating revenue before intersegment eliminations:                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equipment                                                             |   | $ | 9,884 |   |   | $ | 6,791 |   |   | $ | - |   |   | $ | - |   |
| Service                                                               |   |   | 1,857 |   |   |   | 2,341 |   |   |   | 9,613 |   |   |   | 6,657 |   |
| Intersegment                                                          |   |   | - |   |   |   | - |   |   |   | 133 |   |   |   | 141 |   |
| Total Enventis operating revenue                                      |   | $ | 11,741 |   |   | $ | 9,132 |   |   | $ | 9,746 |   |   | $ | 6,798 |   |
|                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales  (excluding depreciation and amortization)    |   |   | 8,475 |   |   |   | 5,998 |   |   |   | - |   |   |   | 1 |   |
| Cost of services  (excluding depreciation and amortization) |   |   | 1,719 |   |   |   | 1,952 |   |   |   | 4,980 |   |   |   | 3,286 |   |
| Selling, general and administrative expenses                          |   |   | 1,123 |   |   |   | 1,288 |   |   |   | 1,919 |   |   |   | 1,101 |   |
| Depreciation and amortization                                         |   |   | 73 |   |   |   | 82 |   |   |   | 1,291 |   |   |   | 1,067 |   |
|    Total Enventis costs and expenses                   |   |   | 11,390 |   |   |   | 9,320 |   |   |   | 8,190 |   |   |   | 5,455 |   |
|                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                                                      |   | $ | 351 |   |   | $ | (188 | ) |   | $ | 1,556 |   |   | $ | 1,343 |   |
| Net income                                                            |   | $ | 224 |   |   | $ | (111 | ) |   | $ | 898 |   |   | $ | 792 |   |
|                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital expenditures                                                  |   | $ | 85 |   |   | $ | 143 |   |   | $ | 1,979 |   |   | $ | 1,048 |   |

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| TELECOM SECTOR                                             |   |
|------------------------------------------------------------|--------|
|                                                       |   |   |   |   |   |   |
|                                                       |   | Three Months Ended March 31 |   |
| (Dollars in thousands)                                     |   | 2010 |   |   | 2009 |   |
| Operating revenue before intersegment eliminations:        |   |   |   |   |   |   |
|                                                       |   |   |   |   |   |   |
| Operating Revenue                                          |   |   |   |   |   |   |
|     Local Service                      |   | $ | 3,665 |   |   | $ | 3,877 |   |
|     Network Access                     |   |   | 6,128 |   |   |   | 6,210 |   |
|     Long Distance                      |   |   | 820 |   |   |   | 1,031 |   |
|     Broadband                          |   |   | 3,216 |   |   |   | 2,884 |   |
|     Internet                           |   |   | 1,232 |   |   |   | 1,254 |   |
|     Directory                          |   |   | 917 |   |   |   | 1,077 |   |
|     Bill Processing                    |   |   | 775 |   |   |   | 669 |   |
|     Intersegment                       |   |   | 429 |   |   |   | 243 |   |
|     Other                              |   |   | 613 |   |   |   | 670 |   |
| Total Telecom operating revenue                            |   | $ | 17,795 |   |   | $ | 17,915 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Total Telecom revenue before intersegment eliminations     |   |   |   |   |   |   |   |   |
|    Unaffiliated customers                   |   | $ | 17,366 |   |   | $ | 17,672 |   |
|    Intersegment                             |   |   | 429 |   |   |   | 243 |   |
|                                                       |   |   | 17,795 |   |   |   | 17,915 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Cost of services (excluding depreciation and amortization) |   |   | 8,004 |   |   |   | 7,576 |   |
| Selling, general and administrative expenses               |   |   | 2,950 |   |   |   | 2,834 |   |
| Depreciation and amortization                              |   |   | 4,016 |   |   |   | 4,120 |   |
|    Total Telecom costs and expenses         |   |   | 14,970 |   |   |   | 14,530 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Operating Income                                           |   | $ | 2,825 |   |   | $ | 3,385 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Net income                                                 |   | $ | 1,406 |   |   | $ | 1,978 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Capital expenditures                                       |   | $ | 1,365 |   |   | $ | 1,435 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Key metrics                                                |   |   |   |   |   |   |   |   |
|     Business access lines              |   |   | 24,902 |   |   |   | 25,189 |   |
|     Residential access lines           |   |   | 29,596 |   |   |   | 32,966 |   |
| Total access lines                                         |   |   | 54,498 |   |   |   | 58,155 |   |
| Long distance customers                                    |   |   | 35,731 |   |   |   | 37,990 |   |
| Digital Subscriber Line customers                          |   |   | 19,494 |   |   |   | 18,924 |   |
| Digital TV customers                                       |   |   | 9,789 |   |   |   | 8,464 |   |

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Item 3.

Item 4.

Part II

Item 1.

Item 1A.

Item 2.

Item 3.

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Item 4.

Item 5.

Item 6.

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Signatures

| HICKORY TECH CORPORATION |
|--------------------------|

| By:  /s/ John W. Finke                     |
|------------------------------------------------------|
| John W. Finke, President and Chief Executive Officer |

| By:  /s/ David A. Christensen                                 |
|-------------------------------------------------------------------------|
| David A. Christensen, Senior Vice President and Chief Financial Officer |

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