Nelnet has entered into agreements to partner with SDC Capital Partners in which funds managed by SDC will make a $197 million equity investment in ALLO Communications for an approximately 48 percent ownership stake in ALLO. The collaboration will provide ALLO with capital to continue expanding its all-fiber-optic network and superior service offerings into additional communities in the Midwest. The investment by SDC is expected to close in October 2020, subject to certain closing conditions.
“Exceptional communications solutions for business, government, and residential customers have become even more important during the pandemic,” said Brad Moline, president of ALLO. “Communities across the Midwest are clamoring for better connectivity. We are excited to continue to deliver to all of our customers the exceptional local service that ALLO has provided for more than 15 years. With SDC, Nelnet and our proven team of 500-plus associates, we can transform how even more com
