Tag: Europe

Austrian Government to change Postal Law for privatization, IPO

Posted by | Sep 5, 2005 | |

The Austrian government is planning to change the postal law to enable that Austria’s state postal service, Oesterreichische Post AG, can operate competitively in a liberalized postal market, Carl Ferrari-Brunnenfeld, spokesman of the infrastructure minister said Monday. “This is a necessary first step to make Austria’s postal service competitive and to enable the privatization or a possible public offering in due course,” Ferrari-Brunnenfeld, told Dow Jones Newswires. The change of the postal law will be discussed in the cabinet meeting Tuesday, he said. A possible public offering isn’t planned before spring 2006, he added.

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Royal Mail set to ‘lose a third’ of its market when letter monopoly ends

Posted by | Sep 4, 2005 | |

The Royal Mail is to face a three-way battle for customers and will lose up to a third of its revenues, one of its main rivals is predicting. Peter Bakker, the chief executive of Dutch post and logistics group TNT, says he expects at least two serious rivals to emerge to Royal Mail when its monopoly on letter delivery ends next year. Each, says Mr Bakker, will take 10 to 15 per cent of Royal Mail’s business. He was speaking as another of the expected challengers to Royal Mail, Deutsche Post, was revealed as the suitor of Exel Logistics, the UK delivery group. Both Deutsche Post and TNT are already making inroads into the UK postal market, though mostly in what is known as the ‘access’ area. This is where post is collected from business clients, scanned and sent to regional centres, where it is then passed to the Royal Mail for sorting and delivery.
Mr Bakker said his group soon hopes to be in the ‘consolidation’ area, where TNT will sort mail but Royal Mail staff still deliver. It is installing high-tech sorting equipment in its 69 regional hubs in the next few months.

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Irish An Post concedes stamp price rise would cut volume

Posted by | Sep 3, 2005 | |

An Post has acknowledged that the volume of domestic mail would drop by 10 per cent over the next two years if it secured a major increase in the price of stamps. In documentation provided to ComReg, the telecoms and postal regulator, An Post admits a price increase would affect use of the postal system. However, the company argues that, while volumes will fall, the increase sought would provide a net benefit in revenue terms. It also claimed that An Post needs an increase to fulfil its universal service obligations. An Post estimates that, taking 2006 and 2007 together, the drop in domestic mail volumes will be about 10 per cent. The company is seeking a 25 per cent increase in the price of basic stamp from 48 to 60 cent. This rise has been rejected in a preliminary assessment by ComReg, although a final decision may take another month or two.

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Austrian Post AG leaves DPD

Posted by | Sep 2, 2005 | |

Austrian freighters Lagermax, Schachinger and Gebrueder Weiss bought back the 30 pct stakes which Austrian postal company Oesterreichische Post AG had owned in each of them and thus ended the cooperation of their joint-venture parcel service company DPD with Post AG. Post AG started the cooperation with DPD in mid-1997 by buying 30 pct in each of its founders. The contracts for the withdrawal were signed on August 31, 2005, and the move is effective from September 1, 2005. The price was not revealed.

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