Tbnewswatch Local News
2014-05-05 at 2:28PM

Tbaytel revenue jumps slightly in 2013

By Leith Dunick, tbnewswatch.com

Tbaytel’s contribution to city tax coffers is expected to remain at $17 million.

The municipally owned utility’s revenue, released in a corporate report late last week, was up slightly more than $2 million last year, coming in at about $169.5 million, 65 per cent of which came from its wireless product line. That’s a two per cent drop compared to 2012, when 67 per cent of revenues came from their wireless service.

Tbaytel employed 382 full-time and 43 part-time workers last year, and says it spent $30.25 million on material purchases in Thunder Bay and surrounding communities in Northwestern Ontario in 2013. That’s down about $4.2 million over 2012.

The dividend is expected to be announced later this month.

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