Communications regulator Ofcom announced plans to probe the prices of recently-privatized Royal Mail, news that sparked uncertainty in the postal industry, say reports.
Royal Mail warned that the investigation will likely lead to time of insecurity over Royal Mail prices charged to postal operators, as Ofcom’s probe could last up to two years. The investigation was launched following a complaint by Royal Mail’s closest rival and second-place operator TNT Post filed last February.
TNT reportedly lodged complaints regarding Royal Mail’s price hikes for mail delivery sorted and collected by competitors. Those price hikes have now been suspended, Royal Mail said.
The two have feuded recently as Royal Mail voiced opposition against TNT’s new delivery network, which Royal Mail says will threaten its own service. The postal company is now seeking protection from Ofcom against the competition.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI