Nature and Scope of Franchise.
Section 1
SECTION 1. Nature and Scope of Franchise. — Subject to the provisions of the Constitution and applicable laws, rules and regulations, the franchise granted to Ultimate Entertainment, Inc., its successors or assignees, under Republic Act No. 8102, to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, radio broadcasting stations where frequencies and/or channels are still available for radio broadcasting, through microwave, satellite or whatever means, including the use of any new technology in radio systems, with the corresponding technological auxiliaries and facilities, special broadcast and other program and distribution services and relay stations in the Philippines, is hereby renewed for another twenty-five (25) years from the effectivity of this Act.