M&A
confidence high
sentiment positive
materiality 0.60
Nuvera sells its 20% FiberComm stake to ImOn Communications; expects net gain
Nuvera Communications, Inc.
- Closed sale of 100% of FiberComm to ImOn Communications on March 31, 2023.
- Nuvera owned 20% interest via subsidiary Peoples Telephone Company.
- Nuvera had guaranteed a portion of FiberComm loan; loan paid off at closing.
- Company expects to recognize a net gain in book value on the sale.