Section 1
SECTION 1. The franchise of the Philippine Radio Educational and Information Center, Inc. to construct, maintain and operate, for non-profit educational, cultural and information purposes, and in the public interest, radio broadcasting and television stations as well as private fixed point-to-point relay and land based stations in the Philippines, granted by Republic Act Numbered One thousand and forty-nine as amended by Republic Act Numbered Three thousand and one hundred twenty-nine, is hereby extended for a period of twenty-five (25) years from June 12, 1979.