TekSavvy puts itself up for sale amid industry turmoil
TekSavvy puts itself up for sale amid industry turmoil
It has hired bankers and launched a formal sale process, says sources familiar with the discussions
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What industry turmoil?
TekSavvy is the last remaining large internet wholesale provider, as others have been snapped up by bigger rivals in what independent ISPs describe as a challenging regulatory environment.
Roughly half a dozen independent ISPs have been sold since February of 2022From the article
Personally I wouldn't call that turmoil. I'd call it industry consolidation.
Consolidation can be tumultuous; but I’m just citing the article. They go into much further depth about the situation.
the only turnmoil is the TPIA. When the wholesale rate (regulated by the CRTC) is higher than the retail rate....
But the corruption of our Government[1] is right in our face.
[1] it's corruption, not incompetent. Also it is pan-partisan. Whichever would be at the helm would be paid for by the telecartel.