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 to Iriga Telephone Company, hereunder referred to as the Grantee, its successors or assignees, under Republic Act No. 8962, to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, in the Province of Camarines Sur and all the cities therein, wire and wireless telecommunications system, copper, fiber optics, satellite transmit and receive systems, switches and their value-added services such as the transmission of voice, data, facsimile, control signs, audio and video, information services and all other telecommunication system technologies as are at present available or will be made available through technological advances or innovations in the future; or construct, acquire, lease, and operate, or manage transmitting and receiving stations, lines, cables, or systems as are convenient and essential to efficiently carry out the purpose of this franchise, is hereby renewed for another twenty-five (25) years.