Revenue up, income down at SaskTel

REGINA – Provincial Crown Corp SaskTel today reported 2014 net income of $76.4 million from operating revenues of $1.231 billion.While the revenue number was an increase of $25.3 million over 2013, income fell by 15% over the prior year. The increase in revenues is a result of continued growth in wireless ($10.6 million, 40% lower than last year’s revenue growth figure), maxTV, Internet and data ($20.7 million, which is 24% higher than 2013’s growth in that segment).The government’s press release said the growth is due to increased data consumption “from the advent of more advanced technologies offering higher speeds and...