SaskTel produces $81.1 million dividend

SaskTel, the government-owned telecommunications company, generated $90.1 million in profit last year, of which the province is taking $81.1 million as a dividend.

SaskTel, the government-owned telecommunications company, generated $90.1 million in profit last year, of which the province is taking $81.1 million as a dividend.

According to SaskTel's annual report, which was released Wednesday, the Crown corporation is facing more and more competition, as well as higher costs due to regulatory changes. Because of that, SaskTel is predicting a smaller profit and dividend for next year.

Here are some highlights, as identified by SaskTel:

  • Wireless phone users up by 1.3 per cent to 615,694.
  • MaxTV subscribers surpassed 100,000 in 2013.
  • Internet connections increased by 2 per cent in 2013 (an additional 4,713 connections).

With files from CBC's Stefani Langenegger

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