Allo Transfers Earth Station to Nelnet as Part of Acquisition
Allo Communications transferred control of a receive-only earth station to Nelnet as part of the education finance planning company's purchase of the Nebraska-based telecom company, Allo said in an FCC International Bureau notification Tuesday. Nelnet is acquiring 92.5 percent of…
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Allo's equity and membership units, and it will become a direct subsidiary of Nelnet, Allo said. Allo said the takeover will give it "additional funding and resources that will help support the expansion of Allo’s fiber optic network in Nebraska."