III. Decision


In the light of the above, and without prejudice to conclusions that may be drawn from the audit to CTT's CAS, to be carried out in due course, the Management Board of ICP-ANACOM, in the pursue of powers granted under points b), d), h) and n) of paragraph 1 of article 6 and point b) of article 26, all of its Statutes, approved by Decree-Law No 309/2001, of 7 December, and pursuant to paragraph 2 of article 19 of Law No 102/99 of 26 July, as amended by Decree-Law No 116/2003, of 12 July, and to paragraph 3 of Basis XIII of the Bases of the Universal Postal Service Concession, approved by Decree-Law No 448/99, of 04.11, as amended by Decree-Law No 116/2003, of 12 July, and by Decree-Law No 112/2006, of 09.06, hereby determines:

(i) that CTT is to adjust its CAS results, and further associated information, for 2011, so that the cost-of-capital rate used in 14.77%;

(ii) that CTT is to submit to this Authority the CAS results for 2011, adjusted according to the preceding paragraph, within 10 working days at the most.