SaskTel CEO warns of “challenging year” ahead, blames new wireless regs

REGINA – Despite increased competition in the province, SaskTel ended 2013 with net income of $90.1 million and operating revenues of $1.2 billion, up $22.7 million from 2012.But according to president and CEO Ron Styles, that amount could drop to $59.2 million next year due to unintended consequences of new federal regulations that encourage the presence of four wireless companies in all regions of the country. Styles is scheduled to meet with federal government officials this week to express concern over prices in provinces with four carriers, such as Saskatchewan, which he says are much lower than in provinces where only...