SaskTel to Invest $337 Million in Saskatchewan in 2022-23
SaskTel on Wednesday announced it will invest roughly $337 million in Saskatchewan in 2022-23, and over $1.5 billion over the next five years to expand its wireless, internet, TV and IP-based technologies.
“Our government recognizes how critical advanced broadband and wireless technologies are to the overall success and prosperity of our province,” said Don Morgan, Minister Responsible for SaskTel, in an issued statement.
Here’s a breakdown of the investments according to the crown corporation:
- $82.2 million for Fibre-to-the-Premises (FTTP) and Fibre-to-the-Business (FTTB) initiatives to continue expanding infiNET internet services
- $110.6 million for 5G deployment and wireless network enhancements
- $79.3 million for wireline network growth and enhancements
- $64.9 million to improve customer services and operations through continued
investment in Information Technology (IT) and Information Systems (IS) platforms
and service enhancements
“These investments will further strengthen and expand the networks we rely on today, while also setting the foundation for future technological innovations that will help to drive economic growth, job creation, and improvements in the quality of life for all Saskatchewan residents,” added Morgan.
SaskTel says the capital spending will take place for the 2022-23 fiscal year, which starts on April 1, 2022, through March 31, 2023.