SaskTel plans to invest up to $12 million in its subsidiary Navigata Communications Inc., in response to what it ca...
February 18, 2005
SaskTel plans to invest up to $12 million in its subsidiary Navigata Communications Inc., in response to what it calls competition and rapid change within the telecommunications industry
Navigata offerings include data networking, high-speed Internet, hosting services, data center co-location, managed security solutions, long distance and local phone services. The company has offices in B.C., Alberta, Ontario and Quebec.
“As the communications industry continues to evolve and our competitors move to independent and national networks through mergers and acquisitions, Navigata remains an essential component of (our) ability to compete andremain successful,” said Robert Watson, SaskTel president and CEO.
Navigata allows SaskTel to expand its core communications market and serve its Saskatchewan based business customers with locations in other provinces.
In addition, SaskTel said it realizes $7.5 million in annual cost savings due to the “synergies” achieved between the two companies which include wholesale long distance traffic, Internet traffic and pre-paid card savings.