CTT Correios de Portugal, S.A.
CTT - Correios de Portugal, S.A. (Portuguese for CTT - Post of Portugal) is a Portuguese company which operates as both the national postal service of Portugal and a commercial group with subsidiaries operating in banking, e-commerce, and other postal services. Founded in 1520 by King Manuel I of Portugal, during the Portuguese Renaissance, CTT is the oldest company still in operation in Portugal.
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| Type | Sociedade Anónima |
|---|---|
| Euronext: CTT | |
| Industry | |
| Founded | 1520 as Correio Público |
| Headquarters | Lisbon, Portugal |
Key people | Francisco de Lacerda, Chairman & CEO |
| Website | www.ctt.pt |
The acronym CTT comes from the company’s former name (Portuguese: Correios, Telégrafos e Telefones, meaning "Post, Telegraph and Telephone"), which was also the designation of postal services for the former Portuguese Colonies and still for CTT - Post of Macau nowadays.
CTT has become a public limited company in 1991, and in December 2013 the shares were listed on Euronext Lisbon.[1]
In 2007, CTT started to offer a mobile phone service in Portugal, under the brand name Phone-ix. Phone-ix was closed down on 1 January 2019.
CTT were privatised in 2014, in order for the Portuguese government to raise money and comply with the European Union requirements for its bailout. In the previous year, 70% of the CTT shares had already been alienated.[2]
History
- 1520: King Manuel I creates the public mail service of Portugal, the Correio Público—Public Post Office.
- 1533: the first postal service regulation in Portugal.
- 1753: the first financial mails regulations in Portugal.
- 1821: the beginning of house-to-house mail delivering in Portugal.
- 1880: the fusion of the Post Office and the Telegraphs Department in one single service, the Department of Posts, Telegraphs and Lighthouses—Direcção-Geral de Correios, Telégraphos e Faróis.
- 1911: the department received administrative and financial autonomy from the Portuguese State and become the General Administration of Posts, Telegraphs and Telephones—Administração-Geral dos Correios, Telégrafos e Telefones—adopting the CTT acronym which was kept until today, even after the several changes of official name.
- 1953: CTT adopts the horse rider logo. The logo represents an ancient postman rider of the CTT, announcing his arrival with a bugle. The logo was reformed three times, the last one in 2004.
- 1969: CTT becomes a State Company, adopting the name CTT Correios e Telecomunicações de Portugal—CTT Posts and Telecommunications of Portugal.
- 1992: the telecommunications service is separated from the CTT, becoming an autonomous company. At the same time, CTT become a public limited company (with all shares owned by the Portuguese government), adopting the name CTT Correios de Portugal—CTT Posts of Portugal.
- 30 November 2007: CTT launches Phone-ix, a mobile virtual network operator (MVNO) operating on the MEO network.
- 2014: the CTT becomes a totally private company.
- 1 January 2019: CTT closes down Phone-ix.
Logos
CTT Expresso
PayShop
Phone-ix
The CTT group
The CTT group includes the following subsidiaries:
- CTT Correios: national and international regular mail delivering company;
- CTT Expresso: national and international express mail service;
- Mailtec: management and information systems research & development company;
- PostContacto: non addressed mail delivering company;
- Campos Envelopagem: direct marketing and editorial mail company;
- PayShop: utility services pay net service;
- Phone-ix: mobile communications operator;
- Tourline Express: express mail service (Spain).
A CTT mail delivery vehicle
CTT traditional mail boxes
A CTT local post office
External links
- CTT official website
References
- "Archived copy" (PDF). Archived from the original (PDF) on 2014-04-23. Retrieved 2014-04-21.CS1 maint: archived copy as title (link)
- http://www.idstrac.com/Blog/the-portuguese-government-completes-privatization-of-ctt-group/
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