Nuvera suspends dividend, stays on current A-CAM funding to fund fiber network build

Nuvera Communications, Inc.

Suspends Q3 2023 dividend; focuses capital on Nuvera Gig Cities fiber deployment.
Remains on current FCC A-CAM funding rather than Enhanced A-CAM; prioritizes fiber over fixed wireless.
Capital expenditures: $38M in 2022, $15.1M in H1 2023 for fiber; $30.2M credit line available as of June 30.
Over 86% of new fiber customers choose fastest speeds; fiber drives customer retention and growth.
Current A-CAM funding unchanged for five years; company expects to accelerate homes-passed growth.

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