FRANKFURT, Oct 10 (Reuters) - The German unit of TNT is building a mail delivery consortium in Germany to rival Deutsche Post, weekly magazine WirtschaftsWoche said.
The new company, to be named Mail Alliance, will include Berlin-based Pin Mail and distribution companies belonging to Stuttgart-based publishers Georg von Holtzbrinck and Hannover-based publishing house Madsack.
How big a stake the different companies will take in the new firm remains unclear, WirtschaftsWoche said.
The aim is to create an independent distribution network across Germany so mail weighing up to 1000 grams can be delivered within 24 to 48 hours.
The alliance will share a common information technology infrastructure, the magazine said.
Currently independent mail delivery firms command only a 10 percent market share in Germany.
WirtschafsWoche belongs to the Georg von Holtzbrinck publishing group.
(Reporting by Edward Taylor; Editing by Andy Bruce) Keywords: MAIL ALLIANCE (edward.taylor@thomsonreuters.com; Reuters Messaging: edward.taylor.reuters.com@reuters.net; +49 69 7565 1249) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The new company, to be named Mail Alliance, will include Berlin-based Pin Mail and distribution companies belonging to Stuttgart-based publishers Georg von Holtzbrinck and Hannover-based publishing house Madsack.
How big a stake the different companies will take in the new firm remains unclear, WirtschaftsWoche said.
The aim is to create an independent distribution network across Germany so mail weighing up to 1000 grams can be delivered within 24 to 48 hours.
The alliance will share a common information technology infrastructure, the magazine said.
Currently independent mail delivery firms command only a 10 percent market share in Germany.
WirtschafsWoche belongs to the Georg von Holtzbrinck publishing group.
(Reporting by Edward Taylor; Editing by Andy Bruce) Keywords: MAIL ALLIANCE (edward.taylor@thomsonreuters.com; Reuters Messaging: edward.taylor.reuters.com@reuters.net; +49 69 7565 1249) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.