Nuvera is a rural telecommunications company headquartered in New Ulm, Minnesota, providing broadband internet, voice, and video services to residential and business customers across roughly 30 communities in south-central Minnesota and one community in Iowa. Nuvera's core product is fiber broadband, delivered over a fiber-to-the-premise network spanning approximately 4,075 route miles. Nuvera operates as the incumbent local exchange carrier in most of its service territories and sells services directly through call centers, a website, and a commissioned sales force. As of year-end 2025, Nuvera served approximately 34,843 broadband connections, 9,889 voice lines, and 6,795 video subscribers. Nuvera earns recurring monthly fees from subscribers across broadband, video, and voice, with broadband as the primary growth driver. A notable feature of Nuvera's model is its reliance on federal subsidies — Nuvera receives roughly $8.95M annually through the FCC's A-CAM program through 2029, plus additional Universal Service Fund support, in exchange for meeting rural broadband build-out obligations. Nuvera's central growth initiative is a multi-year FTTP upgrade launched in 2021, with 51,462 locations upgraded through year-end 2025. Beyond its residential fiber build, Nuvera is expanding commercial services, operating 32 fixed wireless towers to serve hard-to-reach areas, growing fiber wholesale and backhaul services, and pursuing acquisitions of small rural telephone companies complementary to its existing footprint.