REGINA – Provincial Crown Corporation SaskTel this week reported 2005 net income of $64.4 million, about $30 million less than 2004.Overall operating revenues were $982 million and the profit hit came due to shortfalls at subsidiary Navigata Communications and a $23 million charge due to an early retirement program. SaskTel also announced that Navigata will be integrated into SaskTel to address the rapid changes in the competitive communications market and to more cost effectively serve its customers. Navigata, SaskTel's operations unit outside the province of Saskatchewan, has lost money since it was purchased in 2001. “Despite operating in an increasingly...
