TDS Broadband Service LLC, a subsidiary of Telephone and Data Systems, Inc., and operated by TDS Telecom (TDS), has successfully acquired all of the cable, broadband, and business assets of Continuum, 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. The Continuum brand will also remain in use for the foreseeable future.
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.
Continuum is a North Carolina-based broadband, video, and voice operator formerly 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.