Tag: Mail Services

German Deutsche Post to float Postbank

Deutsche Post has revealed its plans to float its Postbank subsidiary, which it values at around €5 billion, within the next 12 to 18 months. It intends to retain a slight majority of just one share over a 50% stake and to use the €2.5 billion proceeds to reduce its debt and plug gaps in its European postal services and growing global logistics business.

Deutsche Postbank is Germany’s largest retail bank with 10 million customers, 18 million savings accounts and 4.5 million current accounts. It also has around 400,000 corporate customers.

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Cheaper to send post to Ireland via the UK

A firm has got round the expensive cost of posting letters here – by having mail delivered from England!

First Active saved 20,000 by sending letters to more than 200,000 Irish addresses with a UK postmark and stamp.

It costs 39 cent to post bulk mail within Ireland but just 30 cent or less in the UK – although it takes longer to arrive. TDs want the rules tightened – and furious bosses at An Post have threatened legal action against First Active and the Royal Mail.

Financial firm First Active says it acted legally as the mail was NOT first posted to the UK from Ireland.

But a spokesman for An Post said: “What they may be doing is sending it through email to a ‘consolidator’ in the UK – someone who undertakes to carry out this work for them. It will be printed and processed there, and an arrangement made with the Royal Mail as to rates.

“We’re not the only ones losing money – printers and distributors here are too.”

“We regard this as illegal and as breaking international postal agreements. The Royal Mail is at fault for receiving and forwarding the mail.”

Any legal action could be taken within the next ten days.

Fine Gael TD Paul Kehoe said he would be asking Communications Minister Dermot Ahern to get to grips with the issue. “It’s ridiculous,” the Wexford TD said. “I just hope An Post realise how expensive it is to send bulk mail through its system.

“I will be asking the Minister to tighten up the rules and regulations.”

A First Active spokesman said: “We are happy we have complied with the law in mailing our customers.

“We look at competitive criteria and one of those is value for money.”

But the firm refused to reveal exactly how its mail system worked.

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Singapore Post Says Mail Volumes Getting Better

Singapore Post Ltd, the listed postal services arm of Singapore Telecommunications Ltd, said that mail volumes have improved but declined to comment on earnings.

“Mail volumes are better compared to March, April and May as more planes are flying,” SingPost Chief Executive William Tan Soo Hock said without giving specific details.

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ComReg opens up Irish postal market futher

The regulator for postal services has reduced An Post’s so-called “reserved” services, opening up more of the market to competition.

From January 2004, An Post will no longer have any monopoly over cross-border mail posted in Ireland, ComReg said today.
This includes mail to Northern Ireland, Britain, Europe and the rest of the world.

The regulator began opening up postal markets to competition in 1999 and around 55% of the letter post market will be liberalised by January.

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