Section 1Sec./Art. 1

Nature and Scope of Franchise. - Subject to the provisions of the Constitution and applicable laws, rules and regulations, there is hereby granted to the Smart Information Technologies, Inc., hereunder referred to as the grantee, its successors or assigns a franchise to establish, install, maintain, lease and operate integrated telecommunications/computer/electronic services, and fixed and mobile stations throughout the Philippines for public domestic and international telecommunications and to install corresponding transmitting and receiving stations at such places in the Philippines as it may consider necessary and convenient.