UBF clears way for CRTC to lower prices and declare final wholesale rates, says TekSavvy

CHATHAM, Ont. — Independent ISP TekSavvy today voiced appreciation for the federal government’s launch yesterday of its $1.7-billion Universal Broadband Fund, which will provide subsidies for broadband infrastructure projects in rural and remote Canadian communities. The company also welcomed the Canadian government’s $600-million agreement with Telesat to subsidize satellite-based Internet providers, as well as the Ontario government’s announcement last week of its plan to spend almost $1 billion over six years to improve and expand broadband and cellular access across the province. In a press release today, TekSavvy says these historic public subsidies for rural broadband projects will help to...