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 Information Broadcast Unlimited, Inc., hereunder referred to as the grantee, its successors or assigns, a franchise to construct, install, establish, operate and maintain for commercial purposes and in the public interest, radio and/or television broadcasting stations in the Philippines, where frequencies and/or channels are still available for radio and/or television broadcasting, including digital radio and television system, internet protocol (IP) related services and IP value-added services, through microwave, satellite or whatever means, including the use of any new technology that may hereafter or in the future be developed in the field of radio and television broadcasting, with the corresponding technological auxiliaries and facilities, special broadcasting and other program and distribution services and relay stations.