BREAKING NEWS

Israel Post may face greater competition

FEBRUARY 3, 2016 06:42

Prime Minister Benjamin Netanyahu, in his capacity as Communications Minister, will be able to open the mail market to competition, according to a bill the Knesset approved in a first reading overnight Monday.

The bill will allow competition in delivering mail that weighs under 500g and costs under NIS 5.4 to send, but companies will have to obtain a license or permit to do so. Companies delivering heavier or more expensive mail does not need a license or permit.

The communications minister will also be allowed to take action against licensed mail delivery services that act to block completion.

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