TDS to Acquire Continuum in North Carolina

 

 

  • TDS Telecom (TDS)

MADISON, WI — TDS Telecom (TDS) entered into an agreement to purchase substantially all of the cable, broadband, and business assets of Continuum, headquartered in Mooresville, North Carolina, for a purchase price of $80 million. The transaction is expected to close in the fourth quarter of 2019.

Continuum is a North Carolina-based internet, video, and voice operator owned by the municipalities of Mooresville and Davidson. Continuum offers high speed, fiber- and coax-based internet services in Mooresville, Davidson, Cornelius and Huntersville, passing a total of 36,500 households and employing 70 individuals. Continuum reported generating $21 million in revenues for the fiscal year ending June 30, 2018. 

Employees will be offered positions within TDS to support local and national operations. TDS employs nearly 2,700 people in 30 states and currently has strong momentum in the broadband and cable industry with expansion of fiber optic networks in multiple markets across the U.S.

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