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rd reading in Senate
THE Senate approved on third reading a bill renewing Transpacific Broadband Group International, Inc.âs congressional telecom franchise for another 25 years, the listed company announced on Tuesday.
In a disclosure to the stock exchange, the company said the Philippine Senate on March 24 approved on third reading House Bill No. 8551 that seeks to renew its franchise for another 25 years.
Under the franchise bill, the company will be allowed to construct, establish, install, maintain and operate communications systems for the reception and transmission of message within the Philippines.
The House of Representatives approved the bill on Feb. 10.
Press Release - Transcripts of Sen Grace Poe s Sponsorship Speech Broadcast and Telco Franchise Bills senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.
Press Release
TRANSCRIPT OF SEN. GRACE POE S OPENING STATEMENT
Today, we will tackle the franchise application of three telcos and 13 broadcast companies. The three telco franchises include Dito Telecommunity Corp. and Instant Data, which we initially heard last December, and Transpacific Broadband Group International. As for the 13 broadcast franchises, we have Blockbuster Broadcasting, Tagbilaran Broadcasting, City Government of Davao, University of the Philippines System, Rolin Broadcasting, Servotron Industries, Christian Music Power, Good News Sorsogon Foundation, Allied Broadcasting Center, Palawan Broadcasting Corp., St. Jude Thaddeus Institute of Technology, Baycomms Broadcasting Corp., and Highland Broadcasting Network.
There are a lot of franchises to be tackled today so that we can efficiently go through this hearing in the most reasonable time and finish our concerns today. I will begin first with the broadcast companies because I anticipate the senators will have more