President Rodrigo Duterte has signed laws granting a 25-year franchise extension to six firms and a university, including the tech tycoon Manny V. Pangilinan owned firm, Nation Broadcasting Corporation (NBC).
Malacañan on Friday released the following measures all approved and signed by Duterte last Tuesday, March 29:
- Republic Act No. 11664 renewing for another 25 years the franchise granted to Franciscan Broadcasting Corporation.
- Republic Act No. 11665 renewing for another 25 years the franchise granted to Iriga Telephone Company, Inc.
- Republic Act No. 11666 renewing for another 25 years the franchise granted to Soundstream Broadcasting Corporation
- Republic Act No. 11667 renewing for another 25 years the franchise granted to Nation Broadcasting Corporation of the Philippines.
- Republic Act No. 11668 renewing for another 25 years the franchise granted to GV Broadcasting System, Inc. or Cignal TV
- Republic Act No. 11669 renewing for another 25 years the franchise granted to Enrique M. Orozco and Sons, Inc. or Real Radio Network, Inc.
NBC is a subsidiary of Mediaquest Holdings, Inc. which is an affiliate of telco company Philippine Long Distance Telephone (PLDT).
Duterte also signed into law Republic Act 11670 granting a franchise to the University of Southern Mindanao to construct, establish, maintain, and operate radio broadcasting stations in Cotabato for educational and related purposes.
Source: Yugatech
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