UK Royal Mail Profits Could Hasten Privatization
The Royal Mail’s return to profit could speed a move to full competition, according to the chairman of regulator Postcomm. Sir Nigel Stapleton said a decision on “liberalisation” would not be taken until later this year, following a consultation exercise, but still ahead of the planned April 2007 deadline. Stapleton’s hints at faster liberalization will be welcomed by new entrants to the UK market including Deutsche Post and Dutch postal operators TPG, which recently obtained licenses and which are keen to grow their presence in the business market which accounts for 80% of the postal market.
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