It has hired bankers and launched a formal sale process, says sources familiar with the discussions

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 2022

From the article

BarqsHasBite
link
fedilink
11
edit-2
1Y

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.

Create a post

What’s going on Canada?



Communities


🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

🏒 Sports

Hockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


  • 1 user online
  • 114 users / day
  • 249 users / week
  • 524 users / month
  • 1.99K users / 6 months
  • 1 subscriber
  • 5.7K Posts
  • 50.8K Comments
  • Modlog