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Oxera advises The New Zealand Commerce Commission on cost of capital

In particular, the Commission was interested in whether there might be a case for supporting an uplift to the weighted average cost of capital (WACC)—i.e. using a WACC that is higher than the midpoint (central) estimate. In this report, we explore the potential costs and benefits of a WACC uplift, taking into account the potential impact of allowed WACC on investment and innovation in the telecommunications sector.