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7.—(1) This regulation applies to each holder on the 3.6 GHz payment date (and on each anniversary of that date) of a wireless telegraphy licence of the Spectrum Access 3.6 GHz licence class.
(2) Each holder of a wireless telegraphy licence to whom this regulation applies shall pay to OFCOM on the 3.6 GHz payment date (and on each anniversary of that date) a total sum which comprises the amount in pounds sterling calculated in accordance with paragraphs (3) and (4), for each authorisation under its licence of use of one MHz of radio frequencies in the 3.6 GHz frequency band.
(3) The formula to calculate the total sum mentioned in paragraph (2) is—
S = £435,000 × (CPIt ÷ CPI0)
Where—
“S” means the total sum;
“CPIt” means the most recent CPI value that is available on 30th November of the year in which the charges are due;
“CPI0” means the CPI value for April 2018; and
“CPI value” means the number given in respect of that month in the monthly all items consumer prices index published by the Statistics Board.
(4) If the total sum calculated in accordance with paragraph (3) is a fraction of a whole number, it shall be rounded down to the nearest whole number.
(5) Sums payable under this regulation are in addition to any sums which may be payable to OFCOM under regulation 4 of the 2011 Regulations in respect of the 3925.0 to 4009.0 MHz band.
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