Dame Melanie Dawes, Ofcom’s chief, remarked, 'There are real questions about what the service needs to be,' addressing the implications of the Royal Mail’s new foreign ownership.
Czech billionnaire Daniel Kretinsky, who is acquiring Royal Mail, assured the UK Government of maintaining the brand and its UK headquarters, alongside several concessions for worker benefits.
The UK Government's approval of Royal Mail's sale hinges upon commitments made by Mr. Kretinsky to uphold universal service obligations, a vital aspect of the postal service.
Unions have welcomed concessions such as a 10% share for workers from dividends and assurances against compulsory redundancies until 2025, reflecting labor concerns amidst the takeover.
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