Transfer of Telecom Franchise to Local Corp

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PRESIDENTIAL DECREE NO. 489: Transfer of Telecom Franchise to Local Corp

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Title Source: Supreme Court: Transfer of Telecom Franchise to Local Corp

Law: Presidential Decree No. 489

Decision Date: Jun 24, 1974

A Presidential Decree authorizes the transfer of a telecommunications franchise from a foreign company to a Philippine corporation, in accordance with the policy of limiting franchise ownership to Filipino citizens or corporations with Filipino majority ownership.

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