CTT Correios de Portugal, S.A.


CTT - Correios de Portugal, S.A. is a Portuguese company which operates as both the national postal service of Portugal and a commercial group with subsidiaries operating in banking, e-commerce, and other postal services. Founded in 1520 by King Manuel I of Portugal, during the Portuguese Renaissance, CTT is the oldest company still in operation in Portugal.
The acronym CTT comes from the company’s former name, which was also the designation of postal services for the former Portuguese Colonies and still for CTT - Post of Macau nowadays.
CTT has become a public limited company in 1991, and in December 2013 the shares were listed on Euronext Lisbon.
In 2007, CTT started to offer a mobile phone service in Portugal, under the brand name Phone-ix. Phone-ix was closed down on 1 January 2019.
CTT were privatised in 2014, in order for the Portuguese government to raise money and comply with the European Union requirements for its bailout. In the previous year, 70% of the CTT shares had already been alienated.

History

The CTT group

The CTT group includes the following subsidiaries: