Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 9 – Segment Information  

We operate in the Telecom Segment and have no other significant business segments. The Telecom Segment consists of voice, data and video communication services delivered to the customer over our local communications network. No single customer accounted for a material portion of our consolidated revenues.

The Telecom Segment operates the following incumbent local exchange carriers (ILECs) and competitive local exchange carriers (CLECs) and has investment ownership interests as follows:

Telecom Segment

● ILECs:

            ▪ New Ulm Telecom, Inc., the parent company;

            ▪ Hutchinson Telephone Company, a wholly-owned subsidiary of NU Telecom;

            ▪ Peoples Telephone Company, a wholly-owned subsidiary of NU Telecom;

            ▪ Sleepy Eye Telephone Company, a wholly-owned subsidiary of NU Telecom;

            ▪ Western Telephone Company, a wholly-owned subsidiary of NU Telecom.

● CLECs:

            ▪ NU Telecom, located in Redwood Falls, Minnesota; 

            ▪ Hutchinson Telecommunications, Inc., a wholly-owned subsidiary of HTC, located in Litchfield, Minnesota.

● Our investments and interests in the following entities include some management responsibilities:

            ▪ FiberComm, LC – 19.99% subsidiary equity ownership interest. FiberComm, LC is located in Sioux City, Iowa;

            ▪ Broadband Visions, LLC – 24.30% subsidiary equity ownership interest. Broadband Visions, LLC provides video headend and Internet services;

            ▪ Independent Emergency Services, LLC – 14.29% subsidiary equity ownership interest. Independent Emergency Services, LLC is a provider of E-911 services to the State of Minnesota as well as a number of counties located in Minnesota;

            ▪ SM Broadband, LLC – 12.50% subsidiary equity ownership interest. SM Broadband Services, LLC provides network connectivity for regional businesses.