The principal activities of the group are the postal and express activities of koninklijke ptt nederland after the demerger of these activities into a separate company in Jun 1998, while the former mother company continues solely as a telecom company under the new name of koninklijke kpn n.v. (kpn) . At the time of the demerger tnt post group's shares were floated on the amsterdam & New York stock exchanges. The group operates through the following divisions: mail (collection, sorting, transport and distribution of domestic and international mail; distribution of advertising mail, newspapers and magazines; operation of a network of post offices); express (delivery services for documents, parcels and freight); logistics (provision of services regarding supply chain management. The group is based in more than 55 countries and is active in over 200 countries.