TDS Broadband Service completes $80M deal to buy North Carolina-based Continuum

TDS Telecom
TDS Broadband Service completes its $80 million deal to buy all of the assets of North Carolina-based Continuum. (TDS Telecom)

TDS Broadband Service has wrapped up its $80 million deal to buy all of the cable, broadband and business assets of Continuum.

TDS Broadband Service, which is a subsidiary of Telephone and Data Systems that is operated by TDS Telecom, first announced its intent to buy Mooresville, North Carolina-based Continuum in August. As part of the deal, Continuum employees were offered positions by TDS in order to continue to support local customers.

"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,” said TDS Telecom President and CEO, Jim Butman, in a statement. “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.”

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Continuum is a North Carolina-based broadband, video, and voice operator formerly owned by the municipalities of Mooresville and Davidson. Local voters showed their support for the TDS transaction by passing a required referendum in Mooresville and Davidson in November. All other regulatory requirements have been met.

TDS said the Continuum branding would continue to be used for "many months ahead."

Butman added, “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."

In North Carolina, Continuum offers high speed, fiber- and coax-based internet services in Mooresville, Davidson, Cornelius, and Huntersville, passing a total of 36,500 households.

RELATED: TDS says 96% of its IPTV customers are taking a triple-play bundle

TDS Broadband Service, which is headquartered in Madison, Wisconsin, provides triple play services to more than 300,000 customer connections in Colorado, Nevada, New Mexico, North Carolina, Utah and Texas. BendBroadband, located in Central Oregon, is also part of TDS Broadband Service. TDS Telecom bought BendBroadband in 2014 for $261 million.

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