REGINA – SaskTel yesterday reported $34 million in year-over-year revenue growth for the 2020-2021 fiscal year to $1.318 billion, a 2.6% increase over 2019-20.
This number reflects “continued wireless adoption and increased revenue from wireline growth services,” according to a press release. The Crown Corporation further reported a net income of $130.8 million.
“This past year has shown that a consistent and high-quality broadband connection is of vital importance to both SaskTel’s rural and urban customers,” said Don Morgan, the minister responsible for SaskTel, in the press release.
“SaskTel invested over $308 million in capital improvements to provide these connections, expand its network and plan for future demand.”
Of SaskTel’s capital investments, $283.9 million “was spent on property, plant and equipment, including Fibre to the Premises (FTTP), wireless networks (LTE and Wi-Fi), Access Network Demand, and other network improvements,” according to the press release.
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