It has hired bankers and launched a formal sale process, says sources familiar with the discussions
TekSavvy Solutions Inc. is looking for a new owner, amid a recent wave of acquisitions of independent internet service providers by larger telecoms.
Independent internet service providers , also known as wholesale-based providers, rent space on incumbents’ networks at regulated rates, then sell service to their own customers. Telus, meanwhile, acquired Altima Telecom and Start.ca for undisclosed amounts, while Quebecor Inc. snapped up VMedia, an independent internet and television provider serving customers primarily in Toronto, in July of 2022. The price of the VMedia acquisition was also not disclosed.
In 2021, the Canadian Radio-television and Telecommunications Commission reversed its earlier decision to reduce wholesale rates, which led to higher costs for independent ISPs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This restaurant hired a fake priest to convince workers to confess 'sins' against the ownersOwners of Taqueria Garibaldi also threatened deportation and termination of employees who spoke to federal regulators, say court filings
Read more »
Vaughn Palmer: Fallout continues from NDP's disastrous handling of the museum makeoverOpinion: CEO\u0027s letter of resignation cites abandonment of priorities she was hired to achieve
Read more »
Dr. Deena Hinshaw was hired by the AHS Indigenous health team, then removed against its wishes | CBC NewsMultiple sources confirm that former Alberta chief medical officer of health Dr. Deena Hinshaw was hired in May, only to have her job offer revoked days before she was to start.
Read more »
Dr. Deena Hinshaw was hired by the AHS Indigenous health team, then removed against their wishes | CBC NewsMultiple sources confirm that former Alberta chief medical officer Dr. Deena Hinshaw was hired in May, only to have her job offer revoked days before she was to start.
Read more »
A restaurant must pay workers $140,000 after allegedly hiring a fake priest to extract confessions of workers' 'sins'A restaurant in California has been ordered to pay $140,000 in back wages and damages to employees after it hired a priest to extract workers’ confessions, in what federal investigators are calling 'the most shameless' acts of corruption an employer has taken against its staff.
Read more »
Rainbow board uses $1.3M from reserves to balance budgetSchool board puts in place an in-year deficit plan
Read more »