"An Act granting A. Soriano y Cia., a temporary permit to construct, maintain and operate private fixed, aeronautical, aeronautical   fixed,   aircraft,   land   mobile/portable, based, land mobile/portable, coast, ship, survival craft, radio determination   and  radio  beacon  stations  for the reception and transmission of wireless messages in the Philippines.”

“SECTION 1. There is hereby granted to A. Soriano y Cia., successors or assigns, a temporary permit to construct, maintain and operate in such places in the Philippines where it operates or transacts its business or renders its services, subject to the approval of the Secretary of Public Works and Communications or any licensing authority private fixed, aeronautical, aeronautical fixed, aircraft, land mobile/portable, based, land mobile/portable, coast, ship survival craft, radio determination and radio beacon stations for the reception and/or transmission of wireless messages on radiotelegraphy or radiotelephony, inclusive of but not limited to facsimile, radioteletype, nationally and/or internationally, each station to be provided with radio transmitting equipment and/or radio receiving equipment, as necessary."

"SEC. 2. This temporary permit shall continue to be in force during the time that the grantee, successors or assigns, conducts its business or services at the places selected by the grantee but in no case to go beyond July four, nineteen hundred seventy-four, and is granted upon the express condition that the same shall be void unless the construction, installation of at least two radio stations be begun within two years from the date of the approval of this Act."

"SEC. 3. The grantee, successors or assigns, shall not engage in domestic business of telecommunications in the Philippines, it being understood that the purpose of this temporary permit is to secure to the grantee the right to construct, install, maintain and operate its radio stations herein granted at the places above mentioned for the primary purpose of promoting and protecting the business and other interests of the grantee."

"SEC. 4. No fees shall be charged by the grantee as the radio stations that may be established by virtue of this Act shall engage in communications regarding the grantee's business interests only.”

“SEC. 8. The grantee, successors or assigns, is authored to operate its radio stations herein granted in the very low frequency, low frequency, medium frequency, high frequency, very high frequency, ultra high frequency, super high frequency, and extreme high frequency that may be assigned to it by the Secretary of Public Works and Communications, or by any licensing authority."

"SEC. 11. The President of the Philippines shall have the power and authority to permit the location of said private fixed point-to-point and private coastal radio stations or any of them on lands of the public domain upon such terms as he may prescribe.

"SEC. 12. In the event of any individual, partnership or corporation   receiving from the Congress a similar permit in which there shall be any term or terms more favorable than those herein granted, then such term or terms shall ipso facto become part of the terms hereof and shall operate equally in favor of the grantee as in the case of said individual, partnership or corporation."