Update of MEO's cost of capital rate applicable to the financial year 2020

By decision of 17 April 2020, ANACOM decided to suspend work on establishing the cost of capital rate for regulatory purposes to be considered in the 2020 analytical accounting system of MEO – Serviços de Comunicações e Multimédia, until such time as there is greater clarity regarding the results of the work of the European Commission (EC) and the Body of European Regulators for Electronic Communications (BEREC), taking into account the EC note of 6 November 2019, entitled “Commission Notice on the calculation of the cost of capital for legacy infrastructure in the context of the Commission’s review of national notifications in the EU electronic communications sector https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52019XC1106%2801%29”, notwithstanding the fact that this situation may be reassessed with effect from 30 June 2020.