Tag: Correos

Unipost Plans Expansion in Spain

Posted by | Jul 16, 2003 | |

Spanish postal service group Unipost will invest 27.3 mln euro ($30.5 mln) in expansion through purchase of companies throughout Spain by 2005, it was reported on July 16, 2003. The company plans an extensive promotional campaign of its services in the next years. The objective of Unipost is to face its largest competitor, Spanish postal service group Correos. Unipost, which currently comprises 12 postal service operators, plans to integrate the 180 private companies existing in Spain in 2009, when the total liberalisation of the Spanish postal service is expected.

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Correos faces series of fines for unfair competition

Posted by | Jun 26, 2003 | |

Correos, the Spanish post office, is facing a barrage of fines and investigations over alleged unfair competition. On Tuesday, the state postal operator was fined 5.4m euros by the Spanish competition court for having allegedly blocked the entry of the operators Suresa and Mail House into the postal network by imposing unfair conditions on them.

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Correos Spain posts gains

Posted by | May 7, 2003 | |

Spanish public-run postal service operator Correos announced Tuesday that its net profit amounted to – EUR 82.7 million in 2002, a three-fold increase on the – EUR 25.9 million it posted in 2001. Correos Chairman Víctor Calvo-Sotelo noted that the strong profit growth came in the midst of a progressive privatization of the group, with the Spanish state only contributing EUR 5.6 million last year. Revenue from its postal services activities increased 12.3 percent to EUR 1.65 billion, while costs rose 3.1 percent to EUR 1.45 billion.

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Spanish Correos complains to infrastructure ministry accusing private companies of operating illegally

Posted by | Mar 11, 2003 | |

There has been a spate of conflicts between Correos, the Spanish post office, and private operators. At present, Correos only has a monopoly on two parts of the postal business: items under 100g sent between cities, and international post. Correos has complained to the infrastructure ministry, which is responsible for regulating the market, accusing private companies of operating illegally on the aforementioned areas in which Correos still has a monopoly.

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