Nelnet Partners with SDC Capital Partners to Propel ALLO's Growth

  • ALLO Communications

LINCOLN, NB — Nelnet announced it 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% 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.

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+ associates, we can transform how even more communities work, learn, and play.”

Since 2004, ALLO has been overbuilding communities with modern fiber networks, creating GIG communities. As of June 30, 2020, ALLO’s team served more than 53,000 residential subscribers and thousands of businesses as well as governmental entities across 12 communities.

"ALLO has established itself as a leading provider of fiber-to-the-premise services in Nebraska and Colorado and we are thrilled to support its growth alongside Nelnet,” said Clinton Karcher, principal at SDC. “We are firm believers that serving customers with high-quality, state-of-the- art network infrastructure and white glove customer service will result in long-term success, and ALLO embodies both of these characteristics.”

 

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