SaskTel Reports Net Income of Over $76M

Written by Shanna Empey on Wednesday, 15 April 2015

sasktelSaskTel named one of Canada’s Best Diversity Employers

SaskTel has reported a net income of $76.4 million and operating revenues of just over $1.2 billion for 2014.

Up $25.3 million from 2013, the increase is a result of the expansion in wireless, maxTV, Internet and data segments due to increased data consumption from more advanced technologies that is required for smartphones, tablets, and fibre deployment.

“We are continuing to invest in capital expansion and upgrades to our networks across the province to provide communications infrastructure that is vital to our customers, both consumers and businesses,” said Director of External Communications, Michelle Englot. “Some of the key networks investments that we had are within our Fibre To The Premises, we’re continuing to roll that out across the province. We’re also looking at continuing to invest in our 4G and 4G LTE networks, and in 2014 we enabled 47 LTE-TDD, which is our  High Speed Fusion towers around the province. We’re looking at continuing to expand our high speed and increase speeds, and within 2014 we had 251 communities that were connected to our DSL High Speed Internet, and 55 communities who got DSL for the first time.”

“We do continue to see falling net income over the last three years as a result of some people disconnecting on their wireline side,” added Englot. “We do see approximately 26,000 customers per year that are disconnecting on their landline side, but with the increase on the overall side on wireless, maxTV, and Internet and data, it is offsetting. We are continuing to shift our focus. Approximately 50 per cent of our revenues come from technologies, products, and services that we didn’t have in the market at the start of 2010.”

Englot adds the company is bringing Fibre To The Premises, also known as SaskTel InfinNET, to the Swift Current area.

SaskTel received its third consecutive J.D. Power Award for Highest in Customer Satisfaction with Canadian Full-Service Wireless Carriers, the J.D. Power Western Region Awards for Highest in Customer Satisfaction with Television for maxTV, and Highest in Customer Satisfaction with Internet Service Providers for High Speed Internet. SaskTel also won numerous MediaCorp awards, including recognition as one of Canada’s Top Employers and Saskatchewan’s Top Employers, in addition to being named one of Canada’s Greenest Employers, one of Canada’s Best Diversity Employers, and Top Employers for both Young People and Workers Over 40.

via Local News

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