CTT – Correios de Portugal, S.A.
TypeSociedade Anónima
Euronext Lisbon: CTT
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, S.A. (lit. 'CTT – Post of Portugal') is a Portuguese company that operates as both the national postal service of Portugal and a commercial group with subsidiaries operating in banking, e-commerce, and other 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 (Portuguese: Correios, Telégrafos e Telefones, which means "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 Portuguese government to raise money and comply with European Union requirements for its 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 Público—Public 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 Lighthouses—Direcção-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 Telephones—Administração-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 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 becomes 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 an entirely private company.
  • 1 January 2019: CTT closes down 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).

See also

  • 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.
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