SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 16 – SEGMENT INFORMATION 

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

The Communications Segment operates the following communications companies and has investment ownership interests as follows:

Communications Segment

● Communications Companies:

• Nuvera Communications, Inc., the parent Company;

• Hutchinson Telephone Company, a wholly owned subsidiary of Nuvera;

• Peoples Telephone Company, a wholly owned subsidiary of Nuvera;

• Scott-Rice Telephone Co., a wholly owned subsidiary of Nuvera;

• Sleepy Eye Telephone Company, a wholly owned subsidiary of Nuvera;

• Western Telephone Company, a wholly owned subsidiary of Nuvera; and

• Hutchinson Telecommunications, Inc., a wholly owned subsidiary of HTC, located in Litchfield and Glencoe, Minnesota;

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

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

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

• Fiber Minnesota, LLC – 7.54% subsidiary equity ownership interest. FM is a Minnesota state-wide network that provides connectivity for regional businesses.