Section 1Sec./Art. 1

Nature and Scope of Franchise.

Subject to the provisions of the Constitution and applicable laws, rules and regulations, the franchise granted under Republic Act No. 8108 to the Mareco Broadcasting Network, Inc., hereunder referred to as the grantee, its successors and assignees, to construct, install, operate and maintain for commercial purposes and in the public interest, radio and/or television broadcasting stations in the Philippines, where frequencies and/or channels are still available for radio and/or television broadcasting, and other technology that may hereafter or in the future be developed in the field of broadcasting, and such other systems, facilities or structures for the origination, reception, processing, transmission, broadcast, rebroadcast or distribution of audio, video information, and other electronic signals, for the provision of services such as direct to home/user broadcast via satellite, pay and cable television, multimedia, and value-added services and other similar services, through electromagnetic waves, fiber optics, satellite and whatever means now available or which in the future may be developed for telecasting and broadcasting of news, documentaries, entertainment, informational and educational, interactive and various television programs with the corresponding technological auxiliaries or facilities, special broadcast, other program and distribution services and relay stations, and to install radio communication facilities, transmit and receive satellite systems, content production and distribution facilities and other systems as are essential or convenient to carry out the purposes of this Act, is hereby renewed for another twenty-five (25) years from the effectivity of this Act.