SaskTel revenues down, SGI continues solid growth
SaskTel reported a drop in revenues according to its annual financial report.
Released on Tuesday, the report details a $29.6 million (2.3 per cent) reduction in revenues compared to the previous year.
The Crown attributes the reduction largely to the current economic environment, regional wireless pricing, changing consumer behaviour and increasing competition.
“SaskTel has been proudly operating for the past 110 years and as the years have passed, our company has risen to the challenges posed by constantly changing technologies, and a marketplace that grows more sophisticated and demanding each year,” SaskTel Acting President and CEO Doug Burnett said. “And, while SaskTel has continually adapted its operations to face these new realities, the one thing that’s always stayed the same is our focus on delivering exceptional customer experiences.”