Brazil Broadens Correios’ Role to Unlock New Revenue Streams

Overview

• The Ministry of Communications, which published a new rule Thursday, authorized Correios to rent warehouses to store goods seized by the federal tax authority and to archive documents for state and city governments.
• Company leaders expect the expanded menu of services to bring in about R$500 million per year, with talks now easier to conclude because the rule consolidates older norms into a single, clearer framework.
• The rule also clears Correios to offer more digital services, including mobile phone service as a virtual operator and certification tools for e‑commerce, which tap the network the company already runs.
• Correios remains under heavy strain, with a R$8.5 billion loss in 2025 and what its president says will be a R$10 billion gap this year, though he projects no losses in 2027 and says borrowing needs fell from R$8 billion to R$7 billion.
• Restructuring continues on several fronts, including eight revenue partnerships in the works and a confidential R$57 million McKinsey contract signed April 28 to design “Phase 3,” which sources say could examine a shift to a mixed‑capital model.