Cable & Telecom

With virus and wholesale decision in the air, TekSavvy announces layoffs, price increase

By Ahmad Hathout CHATHAM, Ont. – Canada’s largest independent third party internet access ISP TekSavvy said today it will lay-off 130 employees and raise internet prices by $5 per month due to the effects of Covid-19 as well as the uncertainty surrounding the wholesale rate appeal that resulted in reduced prices it has maintained since. In an email to Cartt.ca, TekSavvy's vice-president of regulatory affairs Andy Kaplan-Myrth confirmed the layoffs and said the price increase will go into effect in May – all in an effort to “keep things going,” he said. The 130 people account for a significant chunk...