Tag: Mail Services

Poste Italiane revenue to rise 10 pct Y/Y 2004

Posted by | Nov 24, 2004 | |

Italian state-owned postal services company Poste Italiane SpA will register year-on-year revenue increase of over 10 pct for 2004, the company CEO Massimo Sarmi, said.

Poste Italiane sustained of its operating costs at the 2003 level and earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to mark strong increase, Sarmi added.

The company has an investment plan of some 800 mln euro ($1. 048 bln) which will help it consolidate and strengthen its infrastructure, Sarmi said.

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Deutsche Post asks for extension on deadline

Posted by | Nov 24, 2004 | |

Deutsche Post, the German postal service operator, has asked the German cartel office for an extension on the deadline by which it must respond to a warning it has received from the competition authorities. The company had asked for an extension until mid-December; as is usual in cases such as this, the extension has been granted. The dispute relates to restrictions on competition on the market for services for the preparation of mail.

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Deutsche Post will sell its 24.8 pct stake in Transoflex

Posted by | Nov 24, 2004 | |

Deutsche Post World Net AG will sell its 24.8 pct stake in parcel delivery company Transoflex and possible interests could come from US financial investors such as Chase Manhattan and JP Morgan, according to a prerelease of tomorrow’s Die Welt, citing sources. It said Deutsche Post is selling its stake because it anticipates a German appeals court to confirm a lower court ruling that disallowed its 1997 acquisition and its plans to completely takeover the company. The German cartel office in 1997 had initially cleared the acquisition with conditions but then blocked the November 2001 complete takeover. In 2001 it also declared the 1997 partial acquisition as invalid.

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Ceska posta rivals to have easier access to market

Posted by | Nov 24, 2004 | |

The rivals of postal services operator Ceska posta should have easier access to the market in line with an amendment to the law on postal services passed by the Chamber of Deputies today. The amendment aligns Czech legislation with EU directives. To get a licence for the provision of postal services, one will no longer have to prove expert skills. The amendment will now have to be seen by the Senate. On the other hand, according to the amendment, Ceska posta should have a clearer monopoly on the delivery of direct-mail, a very lucrative segment of the market. At present, the service is provided also by other entities.

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Japan, China, S. Korea postal authorities to seek cooperation

Posted by | Nov 24, 2004 | |

The state-backed Japan Post said Wednesday it has agreed with Chinese and South Korean postal authorities to seek tie-ups in operations such as international remittance and the use of automated teller machines. The agreement was reached as a result of high-level talks of postal officials from the three countries held in Tokyo last Wednesday, Japan Post said. The accord calls for Japan Post, the State Postal Bureau of China and Korea Post to study ways of realizing emergency international remittance, acceptance of international credit cards for use in their ATMs and exchange of information on new postal products and services.

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