SaskTel lost approximately 8,400 wireless customers between 2017 and 2018

The carrier attributes the loss to the shuttering of its CDMA services

Sasktel headquarters

Saskatchewan-based Crown carrier SaskTel announced that it lost 8,434 customers between 2017 and 2018.

According to the carrier’s 2017/2018 financial report, SaskTel went from boasting 615,882 wireless customers in 2017 to 607,448 wireless customers in 2018.

SaskTel stated that the loss of customers was a result of the carrier’s shuttering of its CDMA network.

“Prepaid access counts decreased year over year as a result of the CDMA exit in July 2017, when a large number of inactive prepaid accounts were terminated,” reads an excerpt from SaskTel’s latest financial report.

The carrier also reported a revenue of $1.25 billion in its 2017/2018 financial report.

Of that number, SaskTel’s telecom business generated $340.2 million. The carrier reported a net income of $121.0 million. While the carrier’s figures are certainly impressive, SaskTel missed target revenues and target net income for 2017/2018.

The carrier aimed for a total revenue of $1.32 billion, a telecom revenue of $373.9 million and a net income of $122.1 million.

In comparison to its 2017 figures, SaskTel’s overall revenue dropped by roughly $29.6 million, while its net income dropped by $13.8 million. SaskTel’s wireless revenue also decreased by $14.0 million compared to 2016/2017.

In spite of the loss of some of its wireless customers, the carrier’s internet customers increased, going from 275,356 in 2017 to 279,031 in 2018.

Source: SaskTel Via: CBC News

MobileSyrup may earn a commission from purchases made via our links, which helps fund the journalism we provide free on our website. These links do not influence our editorial content. Support us here.

Related Articles