Dispersal of Ownership.
Section 14
SEC. 14. Dispersal of Ownership. — In accordance with constitutional provisions to encourage public participation in public utilities, the grantee shall offer at least thirty per centum (30%) of its outstanding capital stock or a higher percentage that may hereafter be provided by law in any securities exchange in the Philippines within five (5) years from the time it has achieved the status of a national cable television network. A "national cable television" network is defined as one that operates in three or more cities and/or municipalities. Noncompliance therewith shall render the franchise ipso facto revoked.