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, there is hereby granted to Bicol Telephone and Telegraph, Inc., hereunder referred to as the Grantee, its successors or assignees, under Republic Act No. 8342, to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, in the Province of Albay and Sorsogon, wire or wireless telecommunications systems and facilities for domestic telecommunications, including local exchange network, public calling stations, pay telephone stations, or wireless local loops, using copper or fiber optics cables, switches, and satellite transmit and receive systems, and their value-added services such as the transmission of voice, data, facsimile, control signs, audio and video, information services, and all other telecommunications systems technologies as are at present available or will be made available through technological advances or innovations in the future; or construct, acquire, lease, operate or manage transmitting and receiving stations, lines, cables, or systems as are convenient and essential to efficiently carry out the purpose of this franchise, is hereby renewed for another twenty-five years.