Greece to Immediately Float 20-25% of ELTA
Greece said on Thursday that it will float between 20 to 25 percent of Hellenic Post (ELTA) on the Athens bourse within 2002.
Read MoreTag: Europe
Plans for UK mail shake-up may be changed
The postal regulator will consider changes to its plans to open mail services to competition. The move was prompted by claims from Consignia that Postcomm had miscalculated the impact ending its monopoly on bulk business mail would have on the company.
Postcomm’s admission yesterday marks a first victory in Consignia’s battle to have the regulator’s proposals for full postal liberalisation watered down.
UK first-class postage may rise to 39p
The price of first-class stamps would have to jump to 33p, and possibly 39p, if plans go ahead to open the market to competition, postal chiefs said yesterday.
Consignia, the holding company for Royal Mail and the Post Office, said moves to open a section of business post to competition next month would go further than the regulator stated and mean a Pounds 2 billion loss of half its market.
Read MoreConsignia attempts to limit competition
CONSIGNIA REDOUBLED its efforts to limit the introduction of competition to the Royal Mail yesterday by claiming that plans put forward by the postal regulator would open up half its monopoly to rival operators.
Last month Postcomm said its proposal to liberalise the bulk mail market would open up 30 per cent of Consignia’s monopoly from April. But Consignia said the regulator had got its sums wrong and that 50 per cent of its market, worth pounds 2bn a year, would be up for grabs.
CWU warns of imminent peril to universal post
THE Communication Workers Union warned yesterday that Britain will lose its universal postal service within weeks if ministers allow competition plans to go ahead.
A third of the bulk-mail postal market will be opened up to competition from next month, unless regulator Postcomm shelves its plans.
Postcomm also wants to put the entire postal service at the mercy of the free market by 2006, with the barest minimum of regulation.
CWU general secretary Billy Hayes said:
“Postcomm has seriously overstepped the mark with these proposals.
“If implemented, they would be nothing less than a dagger to the heart of the universal service.”
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