SECTION 1. Section one of Republic Act Numbered Forty-one hundred sixty-one, is hereby amended to read as follows:
"SECTION 1. Subject to the provisions of the Constitution and the provisions of Act Numbered Three thousand eight hundred and forty-six, entitled "An Act providing for the regulation of radio stations and radio communications in the Philippine Islands, and for other purposes;" Act Numbered Three thousand nine hundred ninety-seven, known as the Radio Broadcasting Law; Commonwealth Act Numbered One hundred forty-six, known as the Public Service Act, and their amendments, and other applicable laws, there is hereby granted to the Philippine Telegraph and Telephone Corporation hereinafter referred to as the 'grantee' a franchise to establish, install, operate and maintain in the Philippines, at such places as the said grantee may select, telecommunications (radio, telegraph and telephone) systems, lines, circuits and/or stations, wire and/or wireless, for international and domestic public communications, including stations for broadcasting and television, with the authority to receive and transmit messages, impressions, pictures, music, entertainment, advertising and signals throughout the Philippines and between the Philippines and foreign countries, icluding ships at sea, airplanes and other conveyances, by means of electricity, nelectromagnetic waves or any other kind of energy, force, variations or impulses whether conveyed by wires, radiated through space or transmitted through any ether medium, to supply and/or lease facilities for such purposes and to charge and receive compensation therefor by tolls and charges."