Jordan expects to finalise a policy on how to privatise its postal services within the next three months. The Hashemite kingdom – which hopes to have all its citizens connected by 2004 – has selected J.P. Morgan as financial advisor for its planned public offering of part Jordan Telecom shares this October.
Read MoreThe An Post Group annual report reveals a loss before taxation of €6.7 million on its operations in 2001, compared to a profit in 2000 of €9.8 million. The operating loss is the first reported by the group since 1991. While group turnover went up by just over nine per cent to €625 million during the year when all three business divisions experienced a rise in revenues, these were outstripped by a 12 per cent increase – to €631.6 million – in total operating costs
Read MoreHopes are rising that Consignia and the main postal union could overcome a key sticking point in plans to change mail deliveries in Consignia’s bid to cut costs. The Communications Workers’ Union said continuing talks with Consignia on holding trials for shorter delivery runs for postal workers under new delivery plans had been “constructive”.
Read MoreSeino Transportation Co. has no plans to enter the mail delivery business because it finds it difficult to meet requirements set under the government’s plan to privatize the sector, Liberal Democratic Party (LDP) officials said Wednesday.
Read MoreThe Indonesian government will implement a new basic postal tariff on July 1, 2002, increasing postal costs by 25 per cent for post cards and 41 per cent for letters between zero and 2,000 grams.
Read MoreMarch 2000. TPG, Consignia and Singapore Post have formed a joint venture international mail company.
Read MorePostcomm today awarded a short-term licence to Special Delivery Services(SDS).
SDS currently handles the delivery of 40,000 credit cards and store cards a day
for 26 major financial institutions. The short-term licence will enable SDS
additionally to collect and sort credit card statements and ancillary mail for some of its existing customers and pass these to Consignia for final delivery.
The licence will last for one year.
Prime Minister Junichiro Koizumi said Tuesday he has ordered the Diet passage of a set of four postal deregulation bills without amendments, a move that should add fuel to political wrangling over the controversial bills. Koizumi told reporters that he gave the order when he met with Toranosuke Katayama, minister of public management, home affairs, posts and telecommunications.
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