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EC approves €1.56bn compensation for public services

Wednesday November 21st, 2012

The European Commission (EC) has approved, under EU State aid rules, two compensations received by Poste Italiane for delivering two public services in the period 2009-2011.

A compensation of €1.1bn for the universal postal service and a compensation of €458m for reduced postal tariffs offered, over the same period, to publishers, not-for-profit organisations and electoral candidates. The measures were in line with EU rules on public service compensation as they did not over-compensate Poste Italiane for providing these services, and therefore did not lead to cross-subsidisation of commercial activities.

Poste Italiane is the main postal operator in Italy and had 146.014 employees, 14.005 post offices and a turnover of €9.6bn in 2010. Besides providing core postal services, Poste Italiane offers integrated products, as well as communication, logistic and financial services all over Italy.

In June 2012, Italy notified compensations amounting to €1.1bn granted to Poste Italiane for the delivery of the universal service on the Italian territory over 2009-2011. The Italian authorities also informed the Commission of €458m compensations granted to Poste Italiane for reduced tariffs offered, over the same period, to publishers, not-for-profit organisations and electoral candidates.

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