Nuvera agrees to sell 20% FiberComm stake to ImOn; expects net gain

Nuvera Communications, Inc.

Nuvera holds 20% interest in FiberComm via Peoples Telephone; all owners sell to ImOn.
Closing expected in 2023 subject to FCC approvals; Nuvera's loan guarantee to be paid off.
Nuvera expects to recognize a net gain on book value from the sale of FiberComm.
Sale aligns with Nuvera's strategy to focus on core assets and fiber-optic investments.

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