Foreign Ownership Restrictions Apply to Media Services

1. The Restrictions for the Company Structures

Certain restrictions regarding foreign ownership have been stipulated under Law no. 6112 on "Establishment of Radio and Television Enterprises and their Media Services".

• Company Type. Broadcasting licenses are only given to “Joint Stock Companies” established in accordance with the provisions of the Turkish Commercial Code for the sole purpose of providing radio, television, and on-demand broadcasting services. The same company may only offer one radio, one television and one broadcast-on-demand service.<