TDS Acquires Continuum Assets in North Carolina

 

  • Continuum
  • TDS Broadband Service

MADISON, WI — TDS Broadband Service, has acquired all of the cable, broadband, and business assets of Continuum, a North Carolina-based broadband, video, and voice operator formerly owned by the municipalities of Mooresville and Davidson and headquartered in Mooresville, North Carolina, for a purchase price of $80 million. Continuum employees were offered positions and will continue to support customers locally as part of TDS. 

“We welcome the employees of Continuum to the TDS family. They are now part of an exciting journey to expand and improve broadband availability in North Carolina,” says TDS Telecom president and CEO, Jim Butman. “TDS is a strong, community-minded company. We believe in investing for the long run and work to provide the absolute best in broadband, TV and phone services for our customers.”   

TDS and the municipalities announced the purchase agreement in August 2019. Local voters overwhelmingly shared their support of the transaction by passing a required referendum in Mooresville and Davidson in November. All other regulatory requirements have been met. Customers can expect to see the Continuum brand in use for many months ahead. “We are not in a hurry to change the name. We want to get to know the community and grow with the needs of the area,” adds Butman.

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