Postcomm today modified the long term licence held by Speedmail International Limited. The modification introduces a requirement for accounting separation into the licence.
This is because Speedmail International Limited was purchased by Deutsche Post Global Mail (UK) Ltd in January 2004. Postcomm’s policy is that licensees which are owned by postal operators that are dominant in their domestic market should provide separate financial accounts for their licensed business. This will enable Postcomm to monitor possible unfair cross-subsidisation of competitive services from monopoly services to provide the relevant information to the appropriate authorities should the necessity arise.
Notes for Editors
Postcomm – the Postal Services Commission – is an independent regulator. It has been set up to further the interests of users of postal services. Postcomm’s main tasks are to:
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Seek to ensure a universal postal service at an affordable uniform tariff
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Further the interests of users wherever appropriate through competition
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License postal operators
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Control Royal Mail’s prices and quality of service
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Give advice to government on the future of the post office network.
Postcomm’s policies are steered by a board of seven commissioners, headed by the chairman, Nigel Stapleton.
More information about Postcomm is on our website, www.postcomm.gov.uk.
More information
Chris Webb
T 020 7593 2114
M 07779 635881
chris.webb@psc.gov.uk.
Joseph Bonner
T 020 7593 2116
M 07773 329902
joseph.bonner@psc.gov.uk.
Jeremy Cuthbert
T 020 7593 2115
M 07966 528383
jeremy.cuthbert@psc.gov.uk
