Nuvera Communications Inc
nuvera.netNuvera Communications Inc (OTCQB: NUVR) is a telecommunications company that provides broadband, voice, video, and network access services to residential and business customers across rural Minnesota and Iowa. Revenue comes from monthly recurring subscriptions for internet, voice, and video services, supplemented by network access charges billed to other carriers and federal support payments through the FCC's Alternative Connect America Cost Model (A-CAM) program. As of December 31, 2025, the Communications Segment served 34,843 data connections and 9,889 access lines across communities in south central Minnesota and Aurelia, Iowa. The company operates through seven communications subsidiaries, including HTC, PTC, Scott-Rice, SETC, WTC, and Litchfield, each regulated at the state level by the Minnesota Public Utilities Commission or the Iowa Utilities Board. Nuvera began a fiber-to-the-premise (FTTP) overbuild across its service territories in 2022 and offers speeds up to 1 Gbps in select fiber-served areas, with residential fiber pricing ranging from $50 to $200 per month as of the FY2025 10-K.
Products & Services
Broadband internet services (up to 1 Gbps on fiber, up to 100 Mbps and 60 Mbps in non-fiber areas). Fiber-to-the-premise (FTTP) network infrastructure. Voice services (access lines, subscriber line charges). Video services including basic cable, advanced digital TV, HD TV, DVR, Whole Home DVR, video-on-demand, and TV Everywhere. Network access services for carrier termination and origination on the fiber network. Wi-Fi services.
Revenue Model
Monthly recurring subscriptions for broadband internet, voice (access lines), and video (IPTV, digital TV, DVR) services. Network access revenue from carrier interconnection and FCC-regulated subscriber line charges. Federal universal service support through the A-CAM program, which entitles the company to receive $596,084 annually for Iowa operations and $8,354,481 annually for Minnesota operations over a 10-year period beginning 2019. State and federal broadband expansion grants supplement capital deployment costs.
Customers & Markets
Residential and business customers in rural, small-city, and suburban communities in south central Minnesota and Aurelia, Iowa. As of December 31, 2025: 29,555 total broadband connections with 13,139 business connections (48.6% of broadband mix) and residential fiber ARPU of $74.66 and business fiber ARPU of $153.05 (FY2025). Customers include sole proprietors, small businesses, and larger commercial accounts. Unserved and underserved rural communities are a primary build-out target, supported by state and federal broadband grants.
Geographic Exposure
Primarily south central Minnesota communities including New Ulm, Hutchinson, Prior Lake, Savage, Redwood Falls, Litchfield, Howard Lake, Waverly, Elko New Market, and approximately 25 additional communities, plus adjacent rural areas in Blue Earth, Brown, Goodhue, McLeod, Meeker, Nicollet, Redwood, Rice, Scott, and Wabasha counties. Also serves Aurelia, Iowa and surrounding rural areas. Operations are domestic-only.
Financial Snapshot
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