Nature and Scope of Franchise.
Section 1
SECTION 1. Nature and Scope of Franchise. – Subject to the provisions of the 1987 Philippines Constitution and applicable laws, rules, and regulations, the franchise granted to Eagle Broadcasting Corporation, hereunder referred to as the grantee, and/or its successors and assignees 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 ares still available or are assigned for radio and/or television broadcasting, including digital television and/or radio systems, through microwave, satellite or the use of any new technological auxiliaries and/or facilities, special broadcast and other program and distribution services and relay stations, is hereby renewed for another twenty-five (25) years from November 3, 2018.