SaskTel gains cable subscribers, losing landlines
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If you got rid of your landline last year, you joined thousands of others doing the same thing.
SaskTel says it continues to lose 26,000 landline customers every year as people rely on their cell phones and wireless devices. That’s costing the Crown corporation $15 million per year.
However, SaskTel is out with its annual report that shows a net income of $76.4 million and operating revenues of $1.23 billion, up $25.3 million. It’s now shifting from a telephone company to an information and communications technology company. About 50 per cent of revenues come from technologies, products and services it did not have at the start of 2010.
“We’re looking at revenues from our new (LTE) network and from our fibre program, also data and converged services,” said Michelle Englot, director of external communications.
