TPG takes Dutch post regulator to court over revenue disclosure rules

TPG takes Dutch post regulator to court over revenue disclosure rules
AFX Europe; Oct 25, 2001

AMSTERDAM (AFX) – TPG NV said it will take the Dutch postal regulator Opta to court over rules on revenue disclosure.

The postal law requires TPG to provide “insight into the results from different categories of its postal activities,” the company said. In December 2000 Opta approved TPG’s system for disclosing different revenue streams.

In early 2001 TPG launched a complaint against “some unnecessary conditions” Opta attached to its disclosure system. Opta responded in mid-2001 by maintaining most of the conditions as well as adding some additional conditions, TPG said.

According to TPG, the new conditions are “inconsistent with the system approved by Opta itself” and as a result “unworkable”. TPG is asking the court to suspend Opta’s decision.

cjs/jkm/

World Reporter All Material Subject to Copyright