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 Philippine Telegraph and Telephone Corporation (PT&T), under Republic Act No. 4161, as amended by Republic Acts Numbered 5048 and 6970, and 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 all other telecommunications systems 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.