Privatization of Argentine mail service postponed to June

Argentine government has postponed until June 30 the privatization auction of the mail service, in the hands of the government since the cancellation of the contract with Correo Argentino, two years ago. The term for the privatization has been postponed three times by Argentine president Nestor Kirchner. In 2004, the Argentine mail service had an operating surplus of ARS 70 million. In 2005, the amount reached ARS 60 million and for this year ARS 14 million is expected. The company has 12,600 employees.