Saskatchewan’s incumbent full-service telco SaskTel has reported its financial and operating results for the full-year 2010, in which operating revenues reached CAD1.11 billion (USD1.15 billion), down slightly (by CAD7 million) from 2009, with the lack of growth attributed to out-of-province revenue reductions resulting from the divestiture of selected assets in 2009. Net income for the year was CAD155.2 million, up 20.3%. Wireless revenues increased by 8.7% to CAD408.5 million in 2010, as mobile subscribers reached 568,904 at end-December 2010, up 19,137 in a year.
SaskTel added that it now reaches 100% of the Saskatchewan population with its high speed internet services, and internet accesses grew by 5,871 to 230,996 in 2010. IPTV services under the ‘Max Entertainment’ banner reached 85,537 customers, up by 9.9%, as TV revenues increased by CAD10.5 million from 2009. In 2010, the company reported that it invested CAPEX of CAD240 million in its Saskatchewan network to build and launch a HSPA+ wireless network, provide faster high speed internet services in many communities, deliver 100% high speed internet coverage, enhance the Max Entertainment service and upgrade its PSTN network. Total CAPEX for the year reached CAD282.4 million, up by CAD80.9 million from 2009.