CTT Correios de Portugal, S.A.

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CTT – Correios de Portugal, S.A.
Company typeSociedade Anónima
Euronext LisbonCTT
PSI-20 component
ISINPTCTT0AM0001
IndustryMail
Founded6 November 1520
as Correio Público
HeadquartersLisbon, Portugal
Key people
Francisco de Lacerda, Chairman & CEO
Websitewww.ctt.pt

CTT – Correios de Portugal,

postal services. It was founded in 1520 by King Manuel I of Portugal, during the Portuguese Renaissance, and CTT is the oldest company still in operation in Portugal to this day.[1]

The acronym CTT comes from the company’s former name (

Post, Telegraph and Telephone"), which was also the designation of postal services for the former Portuguese Colonies and is still used for CTT – Post of Macau
today.

In 1991, CTT became a public limited company, and in December 2013 its shares were listed on Euronext Lisbon.[2]

In 2007, CTT began to offer a mobile phone service in Portugal, under the brand name Phone-ix. Phone-ix was closed down on 1 January 2019.[3]

In 2014, CTT was privatized by the

bailout. In the previous year, 70% of the CTT shares had already been tendered.[4]

Its current and longest-running visual identity (that were introduced on 4 October 2004) were receiving subsequent redesigns in July 2015 and March 2020, but its logo (the current one that were introduced on 4 October 2004) remains virtually unchanged.

History

  • 1520: King Manuel I creates the public mail service of Portugal, the Correio PúblicoPublic Post Office.
  • 1533: The first postal service regulations in Portugal.
  • 1753: The first financial mail regulations in Portugal.
  • 1821: The beginning of house-to-house mail delivery in Portugal.
  • 1880: The fusion of the Post Office and the Telegraphs Department into a single service, the Department of Posts, Telegraphs and LighthousesDirecção-Geral de Correios, Telégraphos e Faróis.
  • 1911: the department received administrative and financial autonomy from the Portuguese State and became the General Administration of Posts, Telegraphs and TelephonesAdministração-Geral dos Correios, Telégrafos e Telefones—adopting the CTT acronym which was kept until today, even after several changes of its 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 redesigned three times, most recently in 2004.
  • 1969: CTT becomes a State Company, adopting the name CTT Correios e Telecomunicações de PortugalCTT Posts and Telecommunications of Portugal.
  • 1992: the
    telecommunications service is separated from the CTT, becoming an autonomous company. At the same time, CTT becomes a public limited company
    (with all shares owned by the Portuguese government), adopting the name CTT Correios de PortugalCTT Posts of Portugal.
  • 30 November 2007: CTT launches Phone-ix, a
    MEO
    network.
  • 2014: the CTT becomes an entirely private company.
  • 1 January 2019: CTT closes down Phone-ix.

The CTT group

The CTT group includes the following subsidiaries:

Gallery

  • CTT Expresso
    CTT Expresso
  • PayShop
    PayShop
  • Phone-ix
    Phone-ix
  • A CTT mail delivery vehicle
    A CTT mail delivery vehicle
  • CTT traditional mail boxes for normal mail (red) and priority mail (blue)
    CTT traditional mail boxes for normal mail (red) and priority mail (blue)
  • A CTT local post office
    A CTT local post office

See also

External links

  • CTT official website

References

  1. ^ "CTT: Portugal's postal services, rates, and postal codes | Expatica". Expat Guide to Portugal | Expatica. Retrieved 2021-03-10.
  2. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2014-04-23. Retrieved 2014-04-21.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ^ "CTT mobile telephone service to cease on 1 January" (Press release). Portugal: Anacom. 2019-01-04. Retrieved 2021-03-09.
  4. ^ "The Portuguese government completes privatization of CTT Group". www.idstrac.com. Archived from the original on 2015-10-13.