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Article 12 Recalculation factor

Original text. Later amendments are not shown.

(1)

In relation to each class of telecommunications hereditaments occupied by British Telecom, the recalculation factor in respect of any relevant year shall be—

T ( p-P P )

where—

  • T has the value attributed by article 2;

  • p is the estimated number of distribution points in England and Wales on 31st March in the relevant preceding year, and

  • P is the estimated number of distribution points in England and Wales on 31st March 1990.

(2)

In this article, “distribution point” means the point within the telecommunications network operated by British Telecom at which circuits are divided or sub-divided for distribution from a telephone exchange to individual customers or groups of customers.