Italian Post to st up new parcel company

The Italian post intends to set up a new parcel service over the next three years. The new service will involve the post’s CEP subsidiary SDA, which already offers express and parcel services, providing the actual transport, while collection and delivery will be handled by a network of franchisees. Kipoint, a subsidiary formed especially for this purpose, will act as franchisor and take on around 200 franchisees by 2005. The new service aims primarily at private households, self-employed people and small businesses and will offer a 24-hour delivery service throughout the country, with the exception of Sicily and Sardinia, where the transmission time will be 48 hours.