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Another blow to Canada’s internet market with news TekSavvy is looking for a buyer, advocate says

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Concerns larger telecoms will own enough of the previously independent ISPs to be able to undercut any newcomers and prevent competition.

Concern is growing that Canada’s internet market could continue to lose smaller independent players following reports that independent service provider TekSavvy is looking for a new owner.

Companies like TekSavvy buy wholesale access to internet networks from telecom giants and sell it on to consumers, often for lower rates. The CRTC sets the rates for the wholesale access.

 

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TekSavvy puts itself up for sale amid industry turmoilIt has hired bankers and launched a formal sale process, says sources familiar with the discussions
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