Royal Mail has been fined £10.5 million by Ofcom for not meeting delivery targets for first and second class mail, achieving only 74.7% and 92.7% on-time delivery rates. This marks the second consecutive year of fines for the company, which cited financial challenges and strike-related delays as reasons for its poor performance. Ofcom rejected these justifications, emphasizing the need for significant improvement in service levels. The penalty arrives amid ongoing discussions regarding a potential takeover of Royal Mail’s parent company by Czech billionaire Daniel Kretinsky.