Q1-2010 Increased shareholding by non-Turkish citizens in private broadcasting companies

The Radio and Television Supreme Council has announced a draft Law that aims to repeal the Law regarding the Radio and Television Supreme Council (Law No. 3984). The current version of the Draft Law provides an increased shareholding ratio for non-Turkish citizens in private broadcasting companies. Pursuant to the Law No. 3984, foreign shareholdings in private broadcasting companies are currently subject to a restriction of 25% of the total share capital.

Furthermore, the Draft Law also plans the enactment of a detailed regulation with respect to the transition to the Digital Terrestrial Television system in Turkey and the removal of restrictions preventing existing non-Turkish shareholders in private broadcasting companies from becoming shareholders in other broadcasting companies.

 

Pekin Pekin