REGINA – SaskTel’s 2010 financial results released Tuesday were highlighted by a net income of $155.2 million and operating revenues of $1.11 billion.
The performance was driven primarily by continued strong customer growth in cellular, its Max DSL TV product and Internet services, the company reported.
“2010 will be best known as the year that SaskTel gathered all of its creative energies to bring an entirely new generation of wireless technology to the province of Saskatchewan,” said Ron Styles, SaskTel president and CEO, in the press release.
“Looking forward, we are well positioned to maintain our financial strength by focusing on the explosion of wireless data and smart devices, multimedia applications, machine-to-machine communications and growth in Internet traffic.”
The company’s wireless revenue grew by 8.7% to $408.5 million compared to 2009, while total wireless accounts increased to 568,904 – up 19,137 year-over-year.
Max TV customers grew by 9.9% to 85,537 customers and Max revenues increased by $10.5 million over 2009.
SaskTel now reaches 100% of the Saskatchewan population with its high speed Internet service, and with the continued expansion to more Saskatchewan communities, the number of Internet accesses reached 230,996 in 2010, an increase of 5,871 over 2009, reports the company.
