Section 3Sec./Art. 3

Amendment to Section Sixteen. - Section 16 of the same Act, as amended, is hereby further amended to read as follows:

"Section 16.

The grantee or its successors may install, maintain, operate, purchase, lease, or manage such telephone stations, lines, cable or telecommunications systems and services as is or are, convenient or necessary to carry out the purpose of this franchise and for that purpose the grantee or its successors, for the duration of this franchise, is hereby authorized to acquire, own, operate and manage by management contract, purchase, merger, consolidation, exchange of its shares of stock, telecommunications systems and services now owned or may hereafter be owned by private persons, firms, corporations, or partnerships, provinces, cities, municipalities and government-owned or -controlled corporations which are all hereby given full power and authority to do and perform any and all acts to effect the authorized management, purchase, consolidation, merger, exchange of shares of stock or other means of acquisitions of the telecommunications systems and services respectively owned or operated by them by the grantee under such terms and conditions as they and the grantee may mutually agree upon: Provided, however, That the grantee, its successors or assigns, shall not, without the permission of the National Telecommunications Commission first had, install, maintain, manage, operate and purchase or lease such stations, lines, cables or telecommunications systems and services."