Brief: UK's Ofcom Proposes Changes To Obligations On Royal Mail

International Distribution Services

30/01/2025 06:50

Jan 30 (Reuters) - Ofcom: 
    * UK'S OFCOM:  OFCOM HAS TODAY PROPOSED CHANGES TO THE
OBLIGATIONS
ON ROYAL MAIL
    * OFCOM: PROPOSALS INCLUDE SECOND CLASS LETTERS DELIVERED ON
ALTERNATE WEEKDAYS, NOT ON SATURDAYS
    * OFCOM: FIRST CLASS TO REMAIN SIX DAYS WEEK, AND PRICE CAP
ON
SECOND CLASS STAMPS TO CONTINUE
    * UK'S OFCOM: ESTIMATE CHANGE WOULD ENABLE ROYAL MAIL TO
REALISE
ANNUAL NET COST SAVINGS OF BETWEEN £250M AND £425M
    * OFCOM: ROYAL MAIL MUST INVEST IN NETWORK, BECOME MORE
EFFICIENT
AND IMPROVE SERVICE LEVELS

Source text:  ID: 
Further company coverage:  IDSI.L 

 ((Reuters.Briefs@thomsonreuters.com;))