The Globe and Mail reports in its Friday edition that TekSavvy Solutions is looking for a new owner, amid a recent wave of acquisitions of independent Internet service providers by the big telcos. The Globe's Alexandra Posadzki writes that the company, based in Chatham, Ont., has hired bankers and launched a formal sale process, according to sources. ISPs, also known as wholesale-based providers, rent space on incumbents' networks at regulated rates, then sell service to their own customers. 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. According to BMO Capital Markets analyst Tim Casey, BCE paid roughly $139-million for Ebox, an Internet, telephone and television service provider, and $335-million for Distributel last year. The regulator is currently reviewing its framework for wholesale Internet access, citing a desire to increase competition and reduce prices. At issue is whether the telcos should be mandated to provide access to their fibre-to-the-home networks, which offer faster speeds.