Cable / Telecom News

Revenue increases drive 2015/16 profits at SaskTel

REGINA - Provincial Crown Corp SaskTel reported 2015/16 net income of $126.7 million from operating revenues of $1.574 billion.Revenues grew 2.2% mainly due to increases in maxTV, Internet and data revenues in addition to increased equipment sales, and continued wireless growth.  Net income of $126.7 million exceeded its internal net income target by $20.9 million, which the company credited to continued revenue growth in key business segments and new and emerging products and services, a 0.6% decline in operating expenses, and an additional three operating months as a result of a change in SaskTel’s year end from December 31 to...