SaskTel 2012 Net Income Sees 31% Increase in Data Capable Wireless Devices

SaskTel has announced its 2012 net income, which resulted in $1.18 billion, up 5% compared to 2011, due in part to its rapid growth in wireless revenues as Saskatchewan residents continued to adopt smartphones:

“Once again in 2012, SaskTel had a very successful year delivering high quality, accessible and affordable services to residents throughout Saskatchewan while investing in the development of new products and services such as 4G LTE,” said Don McMorris, Minister Responsible for SaskTel.

SaskTel’s wireless operating highlights are below:

• Wireless revenues increased by $39.8 million (9.6%) to $454.2 million in 2012.
• Total wireless accesses increased to 607,659 at year end, up 13,254 from 2011
• Average revenue per wireless subscriber was $62.99
• At year end, SaskTel had 353,490 data capable wireless devices, up 30.6% from 2011.

Although SaskTel offers the iPhone 5, its 4G LTE network only launched in late January. The company owns 73% of Saskatchewan’s wireless market and recently denounced upcoming wireless spectrum rules as ‘unfair’.