5 February 2002 Swiss Post International has acquired a 30 per cent stake in Porta a porta with an option to acquire control over the next two years. Porta a Porta is a parcel and logistics company.
Read MoreMinisters attempted yes-terday to distance themselves from a potentially explosive row in the post office – and the prospect of a nationwide strike – over plans to open up of Consignia’s postal services to competition.
Patricia Hewitt, trade and industry secretary, said the government would not get involved in the decision by Postcomm, the regulator, to open the market for bulk business mail, which makes up almost half the letters sent in Britain, to rival operators within eight weeks.
Read MoreThe removal of Royal Mail’s monopoly would not signal the introduction of blue post boxes and rival postmen, the regulator said on Thursday. For most people, there would be no change to the way they posted and received mail in the near future.
Read MoreThe biggest threat to the future of the Royal Mail, Consignia’s postal operation, lies in inertia. That is the clear message from Postcomm, which today publishes its proposals for opening the postal market to greater competition. The regulator has set out a tough but manageable four-year timetable for ending the monopoly that has allowed Consignia to stagnate as alternatives to the post proliferate.
Read MorePostcomm’s review of postal competition has been anticipated for many months but the speed of the regulator’s proposals to break-up Consignia’s monopoly has taken almost everyone by surprise.
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