A referendum to allow the sale of Continuum to TDS Telecom was overwhelmingly approved by Mooresville and Davidson voters Tuesday.
A total of 94% of voters in the town of Davidson while 85.24% of Mooresville voters approved the referendum.
TDS provides broadband internet, phone and TV entertainment services as well as other services to customers in not only suburban communities but rural as well.
“TDS is absolutely thrilled with the strong support on the ballot yesterday,” said Drew Petersen, senior vice president of corporate affairs at TDS Telecommunications Corp.
“We are also grateful for the overwhelming support we received from citizens (Tuesday) night at the ballot box.”
TDS hopes to close the transaction by the end of the year, Petersen said.
“Since the sale was approved by residents in both towns, we move to the next step in the sales process,” said Kim Sellers, public information officer for the Town of Mooresville.
“Transfer of ownership to TDS Broadband LLC is expected to occur in the fourth quarter of 2019 or the first quarter of 2020.”
The transaction was unique for TDS as it worked closely with municipal officials to create a partnership and gain support from the community, Petersen said.
“We are excited to be coming to Mooresville, Davidson and Cornelius,” Peterson said.
“There are a number of constituents that don’t have Continuum … we want to reach these customers.”
Continuum previously had restrictions on who they could serve due to being municipally owned, but TDS is looking toward what he says are those under-served communities, Peterson said.
Petersen said it will be business as usual for Continuum customers as well as for employees of the company who will be welcome to stay on.
“Now it gets focused on the people and the process,” Petersen said about next steps.
“We are looking forward to having continued growth in Mooresville, Davidson and Cornelius areas,” Petersen said.
TDS looks forward to becoming an active part of the communities they will serve in the near future, he said.