The Competition Authority is investigating whether Íslandspóstur, the national post company—a state-owned corporation, violated competition regulation by taking advantage of their market-leading position.
Head of the authority Páll Gunnar Pálsson told Fréttabladid the development in the post market has been monitored where Íslandspóstur is partly operating under the shelter of a patent license.
To create natural operational conditions, the authority has requested a financial segregation so that the patent license will not harm competition in other markets, Pálsson explained.
“What the Competition Authority is investigating is competitive environment in the market of distributing bulk mail where these two matters are being considered: How legal financial segregation is being executed and whether other competition regulations are being observed,” Pálsson said.
CEO of Íslandspóstur Ingimundur Sigurpálsson said his company regularly receives enquiries from supervisory institutions regarding its operations and he believes that it is natural for the Competition Authority to investigate whether Íslandspóstur is complying with competition regulations.
The Competition Authority has not received a formal complaint about Íslandspóstur’s operations.