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State owns controlling shares of 5 facilitiesbased

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Article 17.1 of the Telecommunications Law dated 23 November 2009,

effective from 1 July 2010, specifies that the State will hold controlling

shares in facilities-based telecommunications enterprises which are

particularly important to the operation of whole national telecommunications

infrastructure and directly affect the socio-economic development, national

defense, and public security. The Law also mandates the Prime Minister

to promulgate the list of telecommunications enterprises subject to this

requirement.


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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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