Post Luxembourg Explained

POST Luxembourg
Type:Government-owned corporation
Foundation:20 August 1842 (original)
10 August 1992 (corporatisation)
Location:8a, avenue Monterey, Luxembourg City, Luxembourg
Key People:Claude Strasser, Director-General
Area Served:Luxembourg
Industry:Communications
Services:Mail, telecommunications, financial services
Revenue: €862.0m (2019)[1]
Operating Income: €183.0m (2019)
Net Income: €38.0m (2019)

POST Luxembourg, formerly known as Entreprise des Postes et Télécommunications, is a mail and telecommunications company based in Luxembourg. The company is a government-owned corporation, which originated from Luxembourg's state-owned PTT agency founded in 1842, and was subsequently corporatised in 1992. It also sells financial services and holds a monopoly on issuing postage stamps in the Grand Duchy.

It comes under the remit of the Minister for Communications, who reports to the Prime Minister in the latter's capacity as Minister of State.[2]

P&T owns shares in sixteen other companies, including controlling stakes in eBRC data centres (100%), Editus.lu (100%), Eltrona, HotCity, Infomail (45%), Intech, Michel Greco (60%), Netcore (100%), POST Telecom (100%), POST PSF Consulting (100%), Victor Buck Services (Majority), Visual Online (51%).[3]

On September 30, 2013, P&TLuxembourg and LuxGSM merged into a single brand, POST Luxembourg. The LUXGSM network was therefore renamed POST.[4]

Notes and References

  1. Web site: Groupe Post Luxembourg Rapport Intégré 2019 . 2021-04-06 . Entreprise des Postes et Télécommunications . fr.
  2. Web site: Ministère d'Etat . 2008-03-28 . Service Information et Presse . https://web.archive.org/web/20080320044648/http://www.gouvernement.lu/ministeres/mini_etat/index.html . 2008-03-20. fr.
  3. Web site: Subsidiaries . 2012-07-13 . Entreprise des Postes et Télécommunications . dead . https://web.archive.org/web/20120705121514/http://www.pt.lu/portal/lang/en/Entreprise/about-us/pid/6 . 2012-07-05 .
  4. Web site: Mores. Olivier. 2013-10-12. From today onwards, P&TLuxembourg and LUXGSM will be known as POST. POST is also launching new services and products. 2021-03-20. PostGroup.