Note 12  Segment Information We operate in the Telecom Segment and have no other significant business segments. The Telecom Segment consists of voice, data and video communication services delivered to the customer over our local communications network. No single customer accounted for a material portion of our consolidated revenues. The Telecom Segment operates the following incumbent local exchange carriers (ILECs) and competitive local exchange carriers (CLECs) and has investment ownership interests as follows: Telecom Segment ? ILECs: ? Nuvera Communications, Inc., the parent company; ? Hutchinson Telephone Company, a wholly-owned subsidiary of Nuvera; ? Peoples Telephone Company, a wholly-owned subsidiary of Nuvera; ? Scott-Rice Telephone Company, a wholly-owned subsidiary of Nuvera; ? Sleepy Eye Telephone Company, a wholly-owned subsidiary of Nuvera; ? Western Telephone Company, a wholly-owned subsidiary of Nuvera. ? CLECs: ? Nuvera, located in Redwood Falls, Minnesota; ? Hutchinson Telecommunications, Inc., a wholly-owned subsidiary of Hutchinson Telephone Company, located in Litchfield and Glencoe, Minnesota; ? Our investments and interests in the following entities include some management responsibilities: ? FiberComm, LC  20.00% subsidiary equity ownership interest. FiberComm, LC is located in Sioux City, Iowa; ? Broadband Visions, LLC (BBV)  24.30% subsidiary equity ownership interest. BBV provides video headend and Internet services; ? Independent Emergency Services, LLC (IES)  14.29% subsidiary equity ownership interest. IES is a provider of E-911 services to the State of Minnesota as well as a number of counties located in Minnesota; ? SM Broadband, LLC (SMB)  12.50% subsidiary equity ownership interest. SMB provides network connectivity for regional businesses.