Postal counter automation software vendor Escher Group plans to set up a joint venture in the UK with a leading Japanese IT vendor to address what they think is a huge opportunity in “topping up” pre-paid mobile phones.
According to Escher CEO Michael Murphy, the joint venture, which is expected to get off the ground towards the end of Q1, will leverage Escher’s flagship WebRiposte software.
Read MoreKorea Post, the nations government run postal service, wants to be allowed to invest 5.5 trillion won ($4.8 billion) in Koreas stock markets beginning next year. The post office and its affiliated savings and insurance programs have total assets of about 50 trillion won. The agency said it expected no major opposition to the plan in the Assembly, which must approve it, and has gained the assent of other ministries for the proposal.
Until now, the postal agency has been allowed to buy stocks issued by the government or those of companies at least 50% owned by the government.
An Post is to sell off its mobile-phone top-up operations in the UK and Spain in deals that are expected to raise up to €40m.
The troubled semi-state company is also set to dispose of a number of smaller subsidiaries in an attempt to raise much-needed cash and to focus the company’s management on core activities.
Read MoreThe ruling Liberal Democratic Party (LDP) will set up a special committee to discuss the privatization of Japan’s postal services, the LDP’s policy chief indicated.
LDP Policy Research Council Chairman Fukushiro Nukaga made the statement about his party’s plans during a Japan Broadcasting Corp.’s discussion program with counterparts from the ruling and opposition camps.
Read MoreAn Post is to stop collecting tv licence fees on behalf of RTE within two years, according to a report.
The business is worth more than €10m a year to the postal agency.
It is to start phasing it out next year and will have fully shed the role by 2005, the Irish Independent reports, quoting unnamed sources.
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