Retaining jobs in the shire is the most critical consideration in the Southern Phone takeover bid, Eurobodalla Shire Council's General Manager says.
Dr Catherine Dale said she was reassured to learn employees would keep their jobs if the AGL bid for the Eurobodalla Shire telco goes ahead.
"We all understand the telecommunications landscape is changing," said Dr Dale.
"Our key concern is making sure local people working in the Moruya office keep their jobs, and I'm reassured by the company's statement that the Southern Phone brand, products and team will be retained."
Local governments, including the Eurobodalla Shire, are shareholders in Southern Phone and are likely to receive a massive return of more than $785,000 on their initial $2 investment. On Wednesday, the company announced it would recommend shareholders accept the AGL bid.
Dr Dale said Eurobodalla councillors were likely to vote on the issue on November 12.
The council said the AGL offer was an all-cash offer of $27.5 million for 100 per cent of the company.
"Shareholders are 35 local councils, including Eurobodalla. Each council stands to receive a return of $785,714 on their $2 investment," Dr Dale said.
READ MORE: Southern Phone takeover bid