Section 1Sec./Art. 1

Nature and Scope of Franchise. - Subject to the provisions of the 1987 Philippine Constitution and applicable laws, rules and regulations, the franchise granted to the Corona International, Inc., under Republic Act No. 7398, entitled "An Act Granting the Corona International Inc., a Franchise to Establish, Install, Maintain, Lease and Operate Wire and/or Wireless Telecommunications Systems, Lines, Circuits and Stations Throughout the Philippines for Domestic and International Communications, and For Other Purposes", hereunder referred to as the grantee, its successors or assignees, to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, wire and/or wireless telecommunications systems including mobile cellular, paging, fiber optics, satellite transmit and receive systems, switches, and their value-added services such as transmission of voice, data, facsimile, control signs, audio and video, information services, and all other telecommunications system technologies as are at present available or will be made available through technological advances or innovations in the future; and/or construct, acquire, lease and operate, or manage transmitting and receiving stations, lines, cables, or systems in the Philippines, for domestic and international communications, is hereby renewed for another twenty-five (25) years from the effectivity of this Act.