THUNDER BAY — Tbaytel has reported healthy revenues in its 2022 financial results, allowing the city-owned telecom to transfer over $18.4 million into municipal coffers this year.
“With a dedicated workforce committed to our customers and region, strong financial performance and the trust of our customers throughout northern Ontario, Tbaytel looks forward to another great year in 2023,” he said in a statement. When Tbaytel outperforms its financial plan, the city also receives 25 per cent of net income above projections.
Meanwhile, the company’s charitable Tbaytel for Good program was reported to contribute over $416,000 to 118 organizations and events across the region.
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