Tag: South America

Brazil: Correios calls monopoly, exclusivity

Posted by | Feb 16, 2006 | |

The Brazilian mail service Correios (Empresa de Correios e Telegrafos) is on the verge to see the Supreme Federal Court to confirm its monopoly, and even expand it from letters & annexes to packages and mail overseas. The anti monopolistic case under discussion was filed in 2003 by the private couriers association Abraed, that casts eyes in a market worth RD10bil, with Correios having sales of RD8.5bil in 2005 (RD7.6bil in 2004). What complicates the matter is the Brazilian Constitution establishes to the government the responsibility of provide the postal and air courier services, seen as a public service. Several interpretations would inevitably follow, but Correios itself defines its role as exclusivity, not monopolistic, as a way to secure the service in all municipalities that would not be met by private companies.

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Privatization of Argentine mail service postponed to June

Posted by | Jan 30, 2006 | |

Argentine government has postponed until June 30 the privatization auction of the mail service, in the hands of the government since the cancellation of the contract with Correo Argentino, two years ago. The term for the privatization has been postponed three times by Argentine president Nestor Kirchner. In 2004, the Argentine mail service had an operating surplus of ARS 70 million. In 2005, the amount reached ARS 60 million and for this year ARS 14 million is expected. The company has 12,600 employees.

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Argentina: Reprivatisation of postal service on hold at very least

Posted by | Jan 26, 2006 | |

The Argentinian government has postponed, for a third time and until June 30, 2006, the call to tender for the privatisation of the official postal service which has been in government hands for just over two years since the contract with Correo Argentino was rescinded. The decision was taken yesterday by president Nestor Kirchner ostensibly to allow for the consolidation of operations. However, the decision is really further confirmation that the government has decided to keep the post in State hands.

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Post offices to offer electronic int'l transfers

Posted by | Jan 25, 2006 | |

The postal services of Colombia (Adpostal) and Ecuador (Correos del Ecuador) were scheduled to sign an agreement on Wednesday to permit electronic transfers of cash between the two countries, Colombia’s presidential website reported.
Once the agreement is signed, both countries will have 90 days to implement a system to allow the transfers. The agreement is backed by the Universal Postal Union and the Unión Postal de las Américas, España y Portugal, which are providing technical assistance.

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Correos de Chile back on its feet

Posted by | Dec 16, 2005 | |

Between 1998 and 2003, the situation of the state postal group Correos de Chile was a precarious one as private postal services started up and robbed it of market share. However, Correos de Chile appears to have turned the corner: according to general director Jose Luis Mardones, last year the group managed to stabilise business and then push on to a 10% rise in sales (30% in its packages segment) aided by the national economic climate. In 2005, Correos Chile’s turnover should be around US$115mil. The packages segment was worth 7% of business a few years ago but has now doubled; the firm expects it to do just that all over again by 2009 to reach 30%.

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