Franchise Grant and Operational Authority
- The franchise allows Ricardo P. Ocampo or his successors/assigns to construct, install, establish, and operate telecommunications stations nationwide subject to departmental or competent authority approval.
- The stations include international telecommunications, public coastal radio stations, public fixed and land mobile stations, and radio paging systems.
- Wireless message transmission and reception permitted include radiotelephony (voice) and radiotelegraphy (telegraph) within the Philippines and with vessels and aircraft regardless of geographical location.
Private Use Rights and Infrastructure Development
- The grantee is granted rights for private use to erect poles, string wires, build/install pipes and conduits, lay cables, and use accepted electrical or telegraphic conduction means.
- This privilege includes negotiating with electric light, power, or telephone system operators for use of their poles or installations without prejudice.
Restrictions on Transfer and Assignment of Franchise
- The grantee cannot lease, transfer, sell, assign, grant usufruct of, or merge the franchise without prior authorization from the Congress.
- Any entity acquiring the franchise is subject to Philippine corporation laws and all franchise conditions as if originally granted to them.
Congressional Authority and Non-Exclusivity
- The franchise may be amended, altered, or repealed by Congress for public interest reasons.
- The grant is not exclusive and competitive terms more favorable to others automatically apply to this franchise to avoid disadvantage to the grantee.
Taxation Obligations
- The grantee must pay real estate, building, and personal property taxes as applicable to others.
- Additionally, an annual payment of 1.5% of gross receipts from business transacted in the Philippines under the franchise is required, payable within ten days after account audit and approval.
Effectivity
- The amendments and provisions take effect upon approval by the appropriate authority.