Duterte grants 25-year franchise extension to MVP firm, 5 others | Inquirer News
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Duterte grants 25-year franchise extension to MVP firm, 5 others

By: - Reporter / @DYGalvezINQ
/ 01:37 PM April 01, 2022
FILE A telecommunication tower. Image from NTC website

FILE A telecommunication tower. Image from NTC website

MANILA, Philippines — President Rodrigo Duterte has signed into law measures granting a 25-year franchise extension to six firms, among them the Nation Broadcasting Corporation of the Philippines (NBC) owned by tycoon Manny V. Pangilinan.

NBC is a subsidiary of Mediaquest Holdings Inc., which also owned several other media corporations, and an affiliate of the telecommunications company, Philippine Long Distance Telepone.

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Malacañang on Friday released the following measures approved by Duterte, all of which he signed 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.

Duterte also granted a franchise to the University of Southern Mindanao to establish, maintain and operate radio broadcasting stations in Cotabato for educational and related purposes.

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TAGS: broadcast franchise, franchise extension, Rodrigo Duterte
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