REPUBLIC ACT No. 5048
AN ACT AMENDING SECTIONS ONE AND FOURTEEN OF REPUBLIC ACT NUMBERED FORTY-ONE HUNDRED AND SIXTY-ONE.
Section 1. Section one of Republic Act Numbered Forty-one hundred sixty-one, is hereby amended to read as follows:
"Sec. 1. Subject to the provisions of the Constitution and the provisions of Act Numbered Three thousand eight hundred and forty-six, entitled "An Act providing for the regulation of radio stations and radio communications in the Philippine Islands, and for other purposes;" Act Numbered Three thousand nine hundred and ninety-seven, known as the Radio Broadcasting Law; Commonwealth Act Numbered One hundred forty-six, known as the Public Service Act, and their amendments, and other applicable laws, there is hereby granted to the Philippine Telegraph and Telephone Corporation hereinafter referred to as the "grantee" a franchise to establish, install, operate and maintain in the Philippines, at such places as the said grantee may select, telecommunications (radio, telegraph and telephone) systems, lines, circuits and/or stations, wire and/or wireless, for international and domestic public communications, including stations for broadcasting and television, with the authority to receive and transmit messages, impressions, pictures, music, entertainment, advertising and signals throughout the Philippines and between the Philippines and foreign countries, including ships at sea, airplanes and other conveyances, by means of electricity, electromagnetic waves or any other kind of energy, force, variations or impulses whether conveyed by wires, radiated through space or transmitted through any other medium, to supply and/or lease facilities for such purposes and to charge and receive compensation therefor by tolls or charges.
Section 2. Section fourteen of the same Act is hereby amended to read as follows:
"Sec. 14. This franchise shall not be interpreted to mean an exclusive grant of the privileges herein provided for, however, in the event of any competing individual, partnership, or corporation, receiving from the Congress of the Philippines a similar permit or franchise with terms and/or provisions more favorable than those herein granted or tending to place the herein grantee at any disadvantage, then such term or terms, and/or provisions, shall, ipso facto shall become part of the terms and/or provisions hereof, and shall operate equally in favor of the grantee as in the case of the competing individual, partnership or corporation."
Section 3. This Act shall take effect upon its approval.
Enacted without Executive approval, June 17, 1967.
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