Cable / Telecom News

Wireless gains power 2016/17 profits at SaskTel


REGINA - SaskTel reported 2016/17 net income of $134.8 million from operating revenues of $1.277 billion.The provincial Crown Corp said Wednesday that revenues grew 1.0% ($12.4 million), mainly due to increases in wireless, maxTV, Internet, data and managed and emerging revenues.  Net income, up $28.9 million from the same period in 2015/16, increased due to a 1.0% growth in revenue and a 0.7% decline in operating expenses.Strong cost management coupled with revenue growth in key business segments, including wireless, maxTV, Internet, data, and new and emerging products and services, resulted in SaskTel exceeding its net income budget by $30.6 million.“Implementing...