Section 11Sec./Art. 11

Sale, Lease, Transfer, Usufruct, etc.- The grantee shall not lease, transfer, grant the usufruct of, sell the franchise herein granted or the rights and privileges acquired thereunder to any person, firm, company, corporation or entity without prior approval of the Congress of the Philippines. Any person or entity to which the franchise herein granted is sold or transferred shall be subject to the same conditions, terms, restrictions and limitations of this Act.

The herein grantee shall not contract out its management or its operations to another entity, natural or juridical, not otherwise enfranchised by the law.