(1) The Fund shall be used by the Commission, to compensate any telecommunications provider who is required to provide universal service by virtue of section 42 or to otherwise promote universal service.
(2) The amount of compensation payable under subsection (1) of shall be computed in accordance with the regulations made by the Minister on the recommendation of ECTEL, and the conditions attached to the licence of the telecommunications provider and shall be paid to the relevant telecommunications providers by the Commission.
(3) In making the regulations referred to in subsection (2) the Minister shall also be guided by the actual cost that is incurred in making available the required universal service.