Latest news with #ErikaRitchie
Global News
24-06-2025
- Business
- Global News
SaskTel sees income dip for a 4th year in a row
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook Saskatchewan Crown corporations have released their annual fiscal reports, and SaskTel is down over 10 million in net income from the previous year. For the 2024/25 fiscal year, net income was $82.2 million. Net income for 2023/24 was $95.4 million. The Saskatchewan NDP claims the decrease will drive up prices for consumers. Erika Ritchie, Saskatchewan Crown Investments Corporation critic, said this is the fourth year in a row net income is down. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'That's not a blip, that's a pattern of decline under this government's watch,' said Ritchie. Total revenue was up $16.4 million from the previous year at $1,364.9 million, however it was below target. Jeff Welke, SaskTel's Corporate Affairs Director, said this is due to competitive pressure in areas such as wireless networks, MaxTV and fixed broadband data services. Story continues below advertisement 'We are well-positioned. We're keeping our market share quite strong, and we do compete in a very, very hot telecommunications marketplace,' said Welke. At the close of the fiscal year, SaskTel's debt ratio also increased to 56.5 per cent, an increase of 50 basis points. The overall level of net debt increased primarily to fund continued investment in its fibre and 5G networks. The company invested $398.5 million in SaskTel InfiNet service in 2024/25. 'We're going up to communities, quite frankly, that none of our competitors would,' said Welke. 'I mean, Starlink is a competitive offering out there, however, fibre is the gold standard.'
Yahoo
10-06-2025
- Business
- Yahoo
Public-private partnership showcased in new affordable home in Green Bay
GREEN BAY, Wis. (WFRV) – A new chapter in community-driven development was celebrated this afternoon as local leaders, students, and nonprofit partners gathered for a ribbon cutting and open house at 929 N. Broadway in Green Bay. The newly constructed home, built in partnership with the Greater Green Bay Community Foundation, NeighborWorks Green Bay, Forward Community Investments, GLC Minerals, and the Green Bay Area Public Schools, is more than just a house—it's a symbol of what cross-sector collaboration can achieve. High school students were at the heart of the project, gaining hands-on experience in construction while contributing to a growing effort to expand affordable homeownership in the area. Proceeds from the eventual sale of the home will be reinvested into future development projects, creating a sustainable model for ongoing community impact. Champions crowned at 47th Annual Mercury Walleye Tournament in Fond du Lac 'This home is the result of an innovative partnership blending philanthropic support, public investment, and educational opportunity,' said Erika Ritchie, Public Relations & Communications Manager for the Greater Green Bay Community Foundation. 'It's a testament to what's possible when we come together with a shared vision.' The event also marked the local kickoff of NeighborWorks Week (June 7th through 14th), a national celebration of resident-led action, community strengthening, and collaborative problem-solving. Attendees, including media and local residents, toured the home, met student builders and project leaders, and heard remarks from key stakeholders. Informational materials, refreshments, and on-site interviews offered insight into the broader impact of the initiative on housing, workforce development, and youth engagement. NeighborWorks Green Bay, a cornerstone of the community since 1982, played a critical role in the project. Over the past four decades, the organization has helped nearly 4,000 families achieve homeownership and leveraged over $595 million in community investment. 'This isn't just a home—it's an investment in people, in neighborhoods, and in the future of our city,' said a representative from NeighborWorks Green Bay. 'We're proud to help students see the tangible results of their hard work, and to contribute to affordable housing solutions at the same time.' For more information, visit or Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
