The capital costs of a telecommunications service or operating activity shall equal the capital employed for the service or operating activity multiplied by the enterprise’s cost of capital.

The capital employed for telecommunications services or operating activities as described in the previous Article refers to assets that have been separated to the said service or operating activities in accordance with Articles 28 to 35. It includes the directly used property, plant and equipment; capital that is compulsory for maintaining the normal operations; and assets separated from individual functions.

The cost of capital of enterprises with significant market power shall reflect the opportunity cost of invested funds.
Those that engage in several telecommunications services shall calculate the cost of capital of individual services according to their respective financial and operating risks.

The cost of capital that is applicable to a network component and operating activity shall be the cost of capital of the telecommunications services separated to that network component or operating activity.
Where several services jointly use a network component or operating activity, it is necessary to calculate their respective costs of capital according to the parts that have been separated thereto.

The calculation of capital cost of enterprises with significant market power shall refer to Attachment 3.