Portuguese electronic bill payment services Payshop, a unit of the country’s postal operator CTT-Correios de Portugal posted a profit of 1.0 mln euro (USD1.3) for 2004, it was reported on April 18, 2005. The company ended 2005 with a 5.5 mln euro (USD7.09 mln) turnover, more than doubling it compared to 2003. Payshop currently operates some 2,900 access points in Portugal.
Read MorePortugal’s Competition Authority has asked for a copy of the marketing agreement between Iberdrola SA and Portugal’s CTT post office, Semanario Economico reported, without naming its source. The request indicates that the authority suspects a violation of competition rules, the financial weekly said.
Read MoreIberdrola SA said it is targeting to reach a 15-20 pct share of the Portuguese electricity market in five years after signing a marketing deal with the country’s Grupo CTT Correios de Portugal today. In a statement, Iberdrola said the chairman of its Portuguese operations Joquim Pina Moura, signed a collaboration agreement with CTT’s Carlos Horta e Costa today in Lisbon to market electricity through the Portuguese communications company’s 3,500 offices in the country.
Read Moreedocs, Inc. today announced that its software platform has been selected by CTT Portugal to launch an electronic mailbox service encompassing electronic statement, billing and payment capabilities to all corporate, consumer and government customers of the Portuguese Post-Office. The new platform is part of a nationwide rollout that will provide customers with solutions for accessing all documents via a secure Universal Electronic Post Office Box (UEPOB), and will specifically provide the ability to view mail and pay invoices anywhere, anytime.
Read MoreState postal service company CTT needs a cash injection from the state, Diario Economico reports the company’s auditors as saying. CTT’s balance sheet problems stem mainly from its heavy pension burden, which led to a payout of around EUR306 million in 2001.
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