MALACAÑANG
M a n i l aPRESIDENTIAL DECREE No. 489 June 24, 1974
AUTHORIZING "THE EASTERN EXTENSION AUSTRALASIA AND CHINA TELEGRAPH COMPANY, LIMITED" TO TRANSFER THE FRANCHISE GRANTED TO THAT COMPANY UNDER REPUBLIC ACT NO. 808, AS AMENDED BY REPUBLIC ACT NO. 5002, TO THE EASTERN TELECOMMUNICATIONS PHILIPPINES, INC.
WHEREAS, the Eastern Australasia and China Telegraph Company Ltd. is the holder of a franchise to land, construct, maintain and operate telecommunications systems... for the reception and transmission of messages between any points in the Philippines to points exterior thereto, including airplanes, airships or vessels even though such airplanes, airships or vessels may be located within territorial limits of the Philippines," under Republic Act No. 808, as amended by Republic Act No. 5002;
WHEREAS, under Section 12 of Republic Act No. 808, as amended, which was approved and became effective on June 21, 1952, the franchise thus granted to the Eastern Extension Australasia and China Telegraph Company, Ltd. has a term of fifty (50) years which will expire only on June 21, 2002;
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Presidential Decrees
Authorizing "The Eastern Extension Australasia And China Telegraph Company, Limited" To Transfer The Franchise Granted To That Company Under Republic Act No. 808, As Amended By Republic Act
Presidential Decree No. 489
Summary of Presidential Decree No. 489
Authorizing Transfer of Franchise
- Authorizes "The Eastern Extension Australasia and China Telegraph Company, Limited" to transfer the franchise granted to it under Republic Act No. 808, as amended by Republic Act No. 5002, to the Eastern Telecommunications Philippines, Inc. (Section 15 of Republic Act No. 808)
- The franchise allows the company to "land, construct, maintain and operate telecommunications systems... for the reception and transmission of messages between any points in the Philippines to points exterior thereto, including airplanes, airships or vessels even though such airplanes, airships or vessels may be located within territorial limits of the Philippines."
Franchise Term and Expiration
- The franchise granted to "The Eastern Extension Australasia and China Telegraph Company, Limited" under Republic Act No. 808, as amended, has a term of fifty (50) years, which will expire on June 21, 2002. (Section 12 of Republic Act No. 808)
Restrictions on Transfer
- "The Eastern Extension Australasia and China Telegraph Company, Limited" is prohibited from leasing, transferring, selling or assigning the franchise without the approval of the then Philippine Congress. (Section 15 of Republic Act No. 808)
Policy on Ownership of Public Utilities
- The general policy of the State is to limit the grant of franchise, certificates or other forms of authorization for the operation of public utilities (such as a telecommunications carrier) only to citizens of the Philippines or to corporations or associations at least sixty per centum (60%) of the capital of which is owned by such citizens.
Qualifications of Eastern Telecommunications Philippines, Inc.
- The Eastern Telecommunications Philippines, Inc. is a duly organized corporation existing under the laws of the Philippines, with at least 60% of its capital owned at all times by Filipino citizens.
Effective Date
- This Decree takes effect immediately.
Authorizing Transfer of Franchise
- Authorizes "The Eastern Extension Australasia and China Telegraph Company, Limited" to transfer the franchise granted to it under Republic Act No. 808, as amended by Republic Act No. 5002, to the Eastern Telecommunications Philippines, Inc. (Section 15 of Republic Act No. 808)
- The franchise allows the company to "land, construct, maintain and operate telecommunications systems... for the reception and transmission of messages between any points in the Philippines to points exterior thereto, including airplanes, airships or vessels even though such airplanes, airships or vessels may be located within territorial limits of the Philippines."
Franchise Term and Expiration
- The franchise granted to "The Eastern Extension Australasia and China Telegraph Company, Limited" under Republic Act No. 808, as amended, has a term of fifty (50) years, which will expire on June 21, 2002. (Section 12 of Republic Act No. 808)
Restrictions on Transfer
- "The Eastern Extension Australasia and China Telegraph Company, Limited" is prohibited from leasing, transferring, selling or assigning the franchise without the approval of the then Philippine Congress. (Section 15 of Republic Act No. 808)
Policy on Ownership of Public Utilities
- The general policy of the State is to limit the grant of franchise, certificates or other forms of authorization for the operation of public utilities (such as a telecommunications carrier) only to citizens of the Philippines or to corporations or associations at least sixty per centum (60%) of the capital of which is owned by such citizens.
Qualifications of Eastern Telecommunications Philippines, Inc.
- The Eastern Telecommunications Philippines, Inc. is a duly organized corporation existing under the laws of the Philippines, with at least 60% of its capital owned at all times by Filipino citizens.
Effective Date
- This Decree takes effect immediately.