Section 14Sec./Art. 14

Dispersal of Ownership. - In accordance with constitutional provisions to encourage public participation in public utilities, the grantee shall offer at least thirtyper centum(30%) of its outstanding capital stock or a higher percentage that may hereafter be provided by law in any securities exchange in the Philippines within five (5) years from the time it has achieved the status of a national cable television network. A national cable television network is defined as one that operates in three (3) or more cities and/or municipalities. Noncompliance shall render the franchiseipso factorevoked.