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November 8, 2012
18:50 EDTNNINelnet declares special dividend of $1 per share
Nelnet's board declared a cash dividend on the company's outstanding shares of Class A and Class B common stock of $1.10 per share. The dividend consists of a regular quarterly dividend of 10c per share, and a special cash dividend of $1 per share. Both dividends will be paid on November 27 to shareholders of record at the close of business on November 19.
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November 16, 2015
16:24 EDTNNINelnet agrees to acquire fiber operator ALLO for roughly $46M
Nelnet announced it has agreed to acquire ALLO Communications, a Nebraska-based telecommunications company offering fiber optic service. The transaction is expected to close in 4Q15. ALLO will become a subsidiary of Nelnet and retain its brand identity. ALLO president Brad Moline and network operations EVP Jeff Kuenne will continue to lead ALLO, said Nelnet. Under the terms of the agreement, Nelnet will pay $46.25M for 92.5% of the outstanding equity and membership interests of ALLO. The remaining 7.5% of the equity and membership interests of ALLO will be owned by its management, who will also have the opportunity to earn additional equity based on the performance of the company. Nelnet noted it anticipates investing significant capital to continue expanding the ALLO fiber network in existing service areas and in other communities.

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