BRIEF-Royal Mail says Ofcom investigation may lead to of uncertainty in UK postal market

April 9 Wed Apr 9, 2014 8:53am EDT

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April 9 (Reuters) -

* Royal Mail statement on Ofcom investigation

* Has been notified by Ofcom of powers under which it will conduct its investigation into certain changes to Royal Mail's access contracts, following a complaint by TNT Post UK

* Royal Mail's access contracts require it to suspend access changes that are subject of an ofcom investigation and in february we wrote to customers notifying them of those changes 1 that are suspended.

* Concerned that Ofcom's decision to investigate under its competition act powers may create a period of uncertainty in UK postal market

* Royal Mail believes tnt post UK's complaint is unfounded

* Keen that investigation is completed as quickly as possible

* Access contracts require it to suspend access changes that are subject of an Ofcom investigation and in february we wrote to customers notifying them of those changes 1 that are suspended

* We are again calling for Ofcom to commence immediately a full review of how it will protect universal service from serious risk presented by unfettered direct delivery competition

* Royal Mail will cooperate fully with ofcom in both these matters and will share with it comprehensive and robust rationale for our proposals

* Separately, Ofcom has notified us that it intends to review universal service provider access conditions imposed on Royal Mail in March 2012 Source text for Eikon: Further company coverage:

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