Report prepared by NEDRA for DVPT (postal users organisation) in Germany:
DPs universal service obligation (USO)
estimates of USO costs and benefits in different countries
the costs of universal delivery at a uniform price
the costs of delivery on 6 days per week
the costs of the post office network
other USO costs
printed copy of report L13958
P:LibraryPostalNERA DVPT Cost to DP of Universal Service.pdf
The new agreement between Emirates Post and Deutsche Post supports and underpins the Memorandum of Understanding (MoU) signed in March 2003. “Our strategic alliance with Deutsche Post embraces several business areas, including mail consolidation through the GLOBALMATCH network of hubs, a concept that is transforming mail logistics globally,” said Abdulla Al Daboos, Director General, Emirates Post. “We are an active member of this network and are keen to take this relationship further by promoting GLOBALMATCH, a dynamic new concept that is helping postal operators achieve savings in time and money, while at the same time introducing automation, speed and tracking facility in mail delivery operations. We are positive the new agreement will lead to further gains on both sides and strengthen this crucial partnership.”
Read MoreDeutsche Post World Net AG management board chairman Klaus Zumwinkel said he expects the German government will have completely privatised the company by 2007.
In an interview with AFX News, Zumwinkel said he considers it a ‘wise’ move to privatise the company in stages until 2007.
Asked when he expects the company to be fully privatised, he said the company now has a free float of around 32% and added: ‘I expect that by 2007, when the exclusive license expires, the free float would be 100%.’
Read MoreDeutsche Post World Net AG expects to post higher profits next year and still sees full year 2003 EBITDA at €2.9 bln, management board chairman Klaus Zumwinkel said.
‘I expect next year that our earnings will be higher than this year. And with a dividend payout ratio of 25-30% based on higher earnings, then naturally we would have higher dividends,’ he told the VAP Foreign Correspondents Association last night. He said these estimates for higher dividends are independent of any proceeds from the planned IP0 of the company’s Postbank AG unit. Zumwinkel said his company plans to use the cash from the IPO to cut the debts of Deutsche Post as well as to expand and integrate its distribution centres in Europe.
Read MoreDeutsche Post, the semi-privatised German postal authority, will put up to 49% of its banking services subsidiary Deutsche Postbank on the market next year, Deutsche Post chairman Klaus Zumwinkel told foreign reporters. Most of the shares will be placed with institutional investors, he said. “The stock flotation will happen next autumn,” he said. Deutsche Post in late September had announced the flotation would occur within 18 months, and probably in autumn 2004.
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