French post office set for privatisation

29th January 2004, Comments 0 comments

PARIS, Jan 29 (AFP) - The French senate early Thursday passed a bill to liberalise the country's state-monopoly postal services.

PARIS, Jan 29 (AFP) - The French senate early Thursday passed a bill to liberalise the country's state-monopoly postal services.

The legislation will allow rivals to establish alternative postal services, initially for letters and later for heavier items.

From next year, the state postal monopoly, which already offers some financial services, would be allowed to set up banking and insurance operations.

The French telecommunications regulator ART would be reformed to cover postal services as well and would be rebaptised ARCEP.

© AFP

                                Subject: France news

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