In extensions of the standard model (SM) with d extra dimensions at the TeV
scale the virtual exchange of Kaluza-Klein (KK) excitations of the gauge bosons
gives contributions that change the SM relations between electroweak
observables. These corrections are finite only for d=1; for d\ge 2 the infinite
tower of KK modes gives a divergent contribution that has to be regularized
introducing a cutoff (the string scale). However, the ultraviolet dependence of
the KK effects is completely different if the running of the couplings with the
scale is taken into account. We find that for larger d the number of
excitations at each KK level increases, but their larger number is compensated
by the smaller value of the gauge coupling at that scale. As a result, for any
number of extra dimensions the exchange of the complete KK tower always gives a
finite contribution. We show that (i) for d=1 the running of the gauge coupling
decreases an 14% the effect of the KK modes on electroweak observables; (ii) in
all cases more than 90% of the total effect comes from the excitations in the
seven lowest KK levels and is then independent of ultraviolet physics.Comment: 8 pages, to appear in Phys. Rev.