CTT – Correios de Portugal, S.A. (, ) is a Portuguese company that operates as both the national

postal service The mail or post is a system for physically transporting postcards, letters, and parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal sy ...

Portugal Portugal, officially the Portuguese Republic, is a country on the Iberian Peninsula in Southwestern Europe. Featuring Cabo da Roca, the westernmost point in continental Europe, Portugal borders Spain to its north and east, with which it share ...

and a commercial group with subsidiaries operating in

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

e-commerce E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...

, and other

postal services The mail or post is a system for physically transporting postcards, letters, and parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal sy ...

. It was founded in 1520 by King

Manuel I of Portugal Manuel I (; 31 May 146913 December 1521), known as the Fortunate (), was King of Portugal from 1495 to 1521. A member of the House of Aviz, Manuel was Duke of Beja and Viseu prior to succeeding his cousin, John II of Portugal, as monarch. Manu ...

, during the Portuguese Renaissance, and CTT is the oldest company still in operation in

to this day. The acronym ''CTT'' comes from the company's former name (, 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 A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability co ...

, and in December 2013 its shares were listed on Euronext Lisbon. In 2007, CTT began to offer a mobile phone service in

, under the brand name Phone-ix. Phone-ix was closed down on 1 January 2019. In 2014, CTT was privatized by the Portuguese government to raise money and comply with

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

requirements for its

bailout A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term ''bail-in'' (coined in 2010) under which the bondholders or depositors of global syst ...

. In the previous year, 70% of the CTT shares had already been tendered. 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 A mail carrier, also referred to as a mailman, mailwoman, mailperson, postal carrier, postman, postwoman, postperson, person of post, letter carrier (in American English), or colloquially postie (in Australia, Canada, New Zealand, and the Unite ...

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 Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

companies (TLP, Marconi and TDP) service is separated from the CTT, becoming an autonomous company, when it created Telecom Portugal S.A., later in 1994 it merged and created Portugal Telecom (PT Portugal) following the spin-off of CTT and in 2018 it moved this name of Altice Portugal. At the same time, CTT becomes a

(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 A mobile virtual network operator (MVNO) is a wireless communications services provider that does not own the wireless network infrastructure over which it provides services to its customers. An MVNO enters into a business agreement with a mobil ...

(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; *Banco CTT: Portuguese bank belonging to CTT competing with Banco BPI and

Novo Banco Novo Banco, SA, trading as Novobanco (, ), is a major Portuguese financial bank headquartered in Lisbon, Portugal. Following the entry into force of European Banking Supervision in late 2014, Novobanco has been designated as a Significant Institut ...

; *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; *Tourline Express: express mail service (

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

Gallery

File:CTT Expresso logo.png, CTT Expresso File:PayShop logo.png, PayShop File:Phone-ix logo.png, Phone-ix Veiculo ctt.jpg, A CTT mail delivery vehicle Buzones de Correos, Plaza 8 de Mayo, Coímbra, Portugal, 2012-05-10, DD 02.JPG, CTT traditional mail boxes for normal mail (red) and priority mail (blue) Ctt santarém.jpg, A CTT local post office

References

External links

CTT
the official website {{Authority control Postal system of Portugal

Port A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manch ...

Communications in Portugal Companies established in the 16th century Organizations established in the 1520s 1520 establishments in Portugal Companies based in Lisbon Companies listed on Euronext Lisbon

History

The CTT group

Gallery

See also

References

External links