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HomeMy WebLinkAboutMay 2022 CEC Presentation 1Nuvera Gig Cities Fiber Expansion Project Community Engagement Committee May 2022 © 2022 Nuvera. All rights reserved. About Nuvera: A Local Connections Company Providing State-of-the-Art Internet to Homes & Businesses Leadership •Glenn Zerbe, CEO/President •Barb Bornhoft, COO/Vice President •Curt Kawlewski, CFO Headquartered in New Ulm, MN Minnesota publicly held corporation Employees -215 Local offices -11 located in southern MN and northern IA Serving over 70,000 voice, video and internet connections Fiber MN ownership –most comprehensive statewide network 10/6/2022 © 2022 Nuvera. All rights reserved. Committed to our communities: We deliver more than the bottom line Mission Statement: Nuvera provides customer-focused connectivity solutions to enable the prosperity of stakeholders. Who are the stakeholders: •Nuvera Customers •Need access to reliable and affordable internet at Gig speeds to enhance qualify of life & economic opportunity •Enabling digital economy workers •Digitally live, work, learn and play in Nuvera communities •Nuvera Communities •Competitive environment to attract workers and companies in the Gig economy •Local –labor, investment and community involvement (volunteer + charitable giving) •Fiber projects largely utilize Nuvera employees and MN-based contractors •Nuvera Shareholders •Locally embedded multi-generational shareholders •Decades of consistent dividend payments supporting local family shareholders •Nuvera Employees •Employees live and work in local communities •Bring well-paying, high-tech jobs to rural MN 10/6/2022 © 2022 Nuvera. All rights reserved.3 Building Nuvera Gig Communities: Continual investment is in our DNA For more than a decade and through 2021, we have been extending our fiber network into the communities 2022 forward, we are accelerating our fiber expansion process to extend access to fiber-based Internet service delivering Gig speeds Total project investment $250M + Nuvera Gig Cities project will take a few years start to finish Gig cities: •New Ulm, Hutchinson, Glencoe, Goodhue, Litchfield, Redwood Falls, Prior Lake, Elko New Market, Savage, Sleepy Eye, Springfield, and more surrounding areas. Ongoing future investments expected 10/6/2022 © 2022 Nuvera. All rights reserved.4 Capital Investments •Historically invested 15 –20% •2021 accelerated to -30% •2022 estimated up to 60% •2023 and beyond targeting 50%+ Fiber is the gold standard for making connections Speed •Moving at the speed of light •Up to 1 Gig symmetrical speeds •Scalable for future needs Reliability •Seamless connection to minimize buffering for a better streaming experience Future proof •Unlimited capacity to support emerging technologies •Video (4K and 8K) •IoT and smart home devices •Artificial Intelligence (AI) 10/6/2022 © 2022 Nuvera. All rights reserved.5 Pricing is the same for all communities regardless of geography Additional $6.95 monthly modem fee applies Wi-Fi router included with most fiber plans (200, 500, Gig) and includes parental control options •Home WiFi: $6.95/mo •Home WiFi Premium: $12.95/mo Standard broadband pricing for ALL geographies (no rural pricing discrimination) Federal Broadband programs available for qualified households Drop (curb to home) built to current customers at no charge Non-customers must subscribe to service before a drop is buried to home 10/6/2022 © 2022 Nuvera. All rights reserved.6 Residential pricing Your Community thrives with strong connections Economic development opportunities attract high value jobs Competitive advantage to attract and retain Gig workers/learners as residents Fiber home values increase by an average of 3.1%* Local teams mean fast, convenient installations and repairs 10/6/2022 © 2022 Nuvera. All rights reserved.7 *National study conducted by UC Boulder and Carnegie Mellon Nuvera’s network strength & stability: built in redundancy to ensure highest level of availability Nuvera’s network mirrors the performance and reliability of nationwide carriers at a regional level •Peering with multiple tier 1 internet providers for direct exchange of internet traffic •Content caching reduces access latency and improves end user experience, e.g., Netflix, Google, Facebook, etc. •Physically diverse paths in and out of your community for service reliability & stability •Backbone/core network is being proactively updated from 10 Gig to current state of the art 100 Gig in 2022 •Proposed construction is for 100% end-to-end fiber optic connections ensuring maximum capacity and minimum latency 10/6/2022 © 2022 Nuvera. All rights reserved.8 Construction Process, let's take advantage of the opportunity The work begins today. We’re here to partner with you. •Speed to market/construction contingent on multiple factors •GTM strategy includes several communication touchpoints to keep community & stakeholders informed •Building drops to non-customer households committing to service •Existing customers must transition to new fiber network 10/6/2022 © 2022 Nuvera. All rights reserved.9 Review Maps Existing Fiber Footprint 2022 City of Prior Lake Build © 2022 Nuvera. All rights reserved. Nuvera investment & public/private partnerships Public/Private partnership funding opportunities •Nuvera investing $200M to our overall fiber expansion strategy •Nuvera investment expands fiber availability, additional grants/partnerships will be needed to reach all locations Grant/Collaborative Support Opportunities •American Rescue Plan •State broadband grants •Federal programs for unserved and underserved areas •Community Development Block Grant •RUS Reconnect Program •Community Project Funding Grant •BEAD –Infrastructure Plan •Other funding opportunities 10/6/2022 © 2022 Nuvera. All rights reserved.11 Next steps Nuvera final engineering design work in progress Over 1700 additional addresses built with fiber in 2022 Communication to residents/businesses on process •Partnership opportunities Continued collaboration with City on joint construction initiatives NuveraGigCities.com –Updates and information 10/6/2022 © 2022 Nuvera. All rights reserved.12 Nuvera Primary Contacts Primary Contact: Mary Korthour Leadership •Glenn Zerbe, President/CEO: glennzerbe@nuvera.net/ 507.233.4276 •Barb Bornhoft, Vice President/COO: barbbornhoft@nuvera.net/507.233.4200 Construction •Larry Shepard: larryshepard@nuvera.net/952.226.9767 •Todd Anderson: toddanderson@nuvera.net/952.226.9902 Installation •Greg Gaalswyk: greggaalswyk@nuvera.net/507.233.4161 Community Relations/Grants •Kathy Lund: kathylund@nuvera.net/507.233.4169 •Monty Morrow: montymorrow@nuvera.net/320.234.5264 Business Development •Mary Korthour: marykorthour@nuvera.net/952.226.9766 Business •Richard Jeidy: richardjeidy@nuvera.net/320.234.5274 Public Relations •Jan Speer: janspeer@nuvera.net / 952.226.9778 © 2022 Nuvera. All rights reserved.13 Thank you! 10/6/2022 © 2022 Nuvera. All rights reserved.14