Word: bundespost
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Once a state phone and mail monopoly, the sprawling Bundespost had more employees than the German army had soldiers. In the 1990s, the government split it into three companies--Deutsche Telekom, Deutsche Post and the Postbank--and floated them on the stock market. The most successful, Deutsche Post, grew into a global logistics company. Again, the critical expansion was in the U.S., where it bought freight company...
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