TekSavvy Solutions Inc.  is no longer up for sale, the independent telecom service provider confirmed to The Wire Report Tuesday.

In June it was reported that the ISP launched a formal sale process and was accepting bids. TekSavvy did not comment at the time.

The company’s confirmation of its status change comes a day after the CRTC released a decision to require BCE Inc. and Telus Corp. to sell wholesale access to their fibre networks in Ontario and Quebec to smaller competitors, such as TekSavvy, within six months.

TekSavvy welcomed the decision but said serious concerns still remained, specifically the interim rates set by the commission.

“The large telcos are already selling fibre internet below the CRTC’s new wholesale rates. As a result, those rates make competition virtually impossible,” said Andy Kaplan-Myrth, TekSavvy’s vice-president of Regulatory and Carrier Affairs. “As it stands, consumers will not benefit from meaningful price relief, despite the large telcos’ decade long monopoly and Canada’s ongoing cost-of-living crisis.”

The CRTC decision will remain in effect until it concludes a broader review on the merits of establishing long-term wholesale access to FTTP networks nationwide. A public hearing will commence in February.

TekSavvy said there was no reason to delay access to consumers elsewhere.

“Consumers in other regions are no less deserving of price relief and competitive choices than consumers in Ontario and Quebec,” said Peter Nowak, TekSavvy’s vice-president of Insight and Engagement. “We hope that the CRTC will act quickly to rectify the rates and expand this interim ruling to all regions.”

— Reporting by Jenna Cocullo at jcocullo@thewirereport.ca