Foreign persons may not have majority vote or control of the an applicant for a licence from AiTi. This applies to providers of mobile and fixed telecommunication services, as well as public broadcasting companies.
"ANNEX I - SCHEDULE OF BRUNEI DARUSSALAM
Sector: Telecommunication Services
Obligations Concerned: National Treatment (Article 9.4 and Article 10.3), Performance Requirements (Article 9.10), Market Access (Article 10.5), Local Presence (Article 10.6)
Measures: Telecommunications Order 2001, AiTi Operational Framework  [...] 
Description: Investment [...]
1. Foreign nationals and enterprises may not provide telecommunication services for which Brunei Darussalam requires a licence (Software application-based services provided over the Internet (Over-the-Top services) do not currently require a licence in Brunei Darussalam) in the territory of Brunei Darussalam, unless: (a) they maintain a physical business presence in Brunei Darussalam; (b) they provide such services through a commercial arrangement with a licensed operator in Brunei Darussalam; and (c) where so required, they locate their transmission equipment used for the provision of public telecommunications networks or supply of public telecommunications services within Brunei Darussalam.
2. Except where specifically approved by the Ministry of Communications, foreign nationals and enterprises may not own more than 51 per cent equity shareholding in any telecommunication enterprises. The approval process for exceeding this 51 per cent threshold shall be based on objective criteria and be implemented in an impartial manner.
3. Foreign nationals and enterprises may not undertake activities related to telecommunication services unless they comply with any performance requirements that may be imposed. Such performance requirements shall not include a requirement to purchase domestic telecommunications equipment.
4. For greater certainty, telecommunication services means any services for telecommunications, which means a transmission, emission or reception of signs, signals, writing, images, sounds or intelligence of any nature by wire, radio, optical or other electro-magnetic systems whether or not such signs, signals, writing, images, sounds or intelligence have been subjected to rearrangement, computation or other processes by any means in the course of their transmission, emission or reception; but excludes any broadcasting service.[...]" (ANNEX I - SCHEDULE OF BRUNEI DARUSSALAM, Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP))
-----------------------
[text not reproduced here] (TELECOMMUNICATIONS ORDER, 2001)
-----------------------
"PART IV REQUIREMENT FOR LICENSING 
Licensing requirement. 
24. (1) Subject to such privilege conferred by section 3 and exemption under section 36, a radio-communication equipment shall not be possessed, established, installed, maintained, provided or operated by any person otherwise than as authorised by (a) an apparatus (spectrum) licence; {b) an apparatus licence; or {c) a class licence.
[...]
Grant of licence.
25. A licence, other than a class licence, shall only be granted by the Authority to (a) a citizen of Brunei Darussalam or permanent resident; {b) a business registered under the Business Names Act !Chapter 92); {c) a company incorporated under the Companies Act !Chapter 39); or (d) such other person as the Authority considers appropriate. [...]" (TELECOMMUNICATIONS (RADIO-COMMUNICATION) REGULATIONS, 2013)
-----------------------
"3.1 Under the Section 3 of the Telecommunications Order 2001 (the "Order"), AiTi has the exclusive privilege for the operation and provision of telecommunication systems and services in Brunei Darussalam. AiTi may, under Section 5 of the Order, grant licences to a person to operate telecommunication systems and services, subject to conditions imposed by AiTi. Any person who provides a telecommunication system or service within Brunei Darussalam without a licence granted under Section 5 commits an offence under Section 33 of the Order. Sections 33(1) and 33(2) of the Order provides that a fine of up to B$100,000 can to be imposed by AiTi for a offence of providing an unlicensed telecommunication service, and further fine of up to B$10,000 every day for a continuing  offence after conviction.  
3.2 AiTi will issue two broad categories of licences:
3.2.1 The first category of licence is the Infrastructure Provider for the Telecommunication Industry ("InTi") Licence. Such a Licence is required by an operator to own and provide infrastructure, systems, networks, facilities and other equipment (except for customer premises equipment ("CPE")) (collectively known as "infrastructure") for the purposes of enabling telecommunication services to be provided. There are two main variants of this licence. One variant is for licensees that are allocated frequency spectrum to be used in conjunction with the infrastructure operated, and the other variant is for licensees that have not been granted any frequency spectrum. Users of frequency spectrum for purposes other than telecommunications (e.g. broadcasting) must also obtain a specialised InTi Licence from AiTi. This is to ensure that there will not be interference and safety issues are addressed in relation to the use of the frequency spectrum. 
3.2.2 The second category of licence is the Service Provider for the Telecommunication Industry ("SeTi") Licence. Such a Licence is required by a operator to sell services to consumers or corporate customers. A SeTi Licensee does not own its own infrastructure outside of its own premises, but uses the infrastructure provided by InTi Licensees. However, a SeTi may provide CPE to its customers, or may own infrastructure within its premises to offer services to customers within its premises. 
[...]
3.4 An applicant for a licence from AiTi must be a corporate entity incorporated in Brunei Darussalam or a Brunei Darussalam government department. Where the applicant is a joint venture vehicle between a local and a foreign party, or where one or more foreign parties control or hold any shares conferring voting rights (whether directly or indirectly) in the applicant, then the foreign party
must not have majority vote or control of the applicant. A foreign party is deemed to have a majority vote or have control of an applicant if: 
3.4.1 the foreign party has the power or right (whether directly or indirectly through one or more other persons or entities, and whether alone or together with one or more other foreign parties) to appoint or remove the majority of the directors of the applicant or otherwise controls or has the power or right to determine the composition of the board of directors of the applicant; "control" in this context refers to the ability or power to exercise a significant influence over the composition of the board of directors of the applicant; 
3.4.2 the foreign party possesses, controls or has the right to exercise (whether directly or indirectly through one or more other persons or entities and whether alone or together with one or more other foreign parties) more than half of the voting power at a general meeting or board meeting of the applicant; "control" in this context refers to the ability or power to exercise a significant influence over the voting at a general meeting or board meeting of the applicant; or
3.4.3 if the foreign party holds or owns or has an interest in (whether directly or indirectly through one or more other persons or entities and whether alone or together with one or more other foreign parties) more than half of the issued share capital of the applicant (including preference and other shares as long as such shares confer voting rights); "interest" in this context includes any beneficial or equitable interest or ownership, or interest conferred as a result of any instrument of trust. 
3.5  A "foreign party" includes:
3.5.1 in the case of an individual, anyone who is not a Brunei Darussalam citizen; and 
3.5.2 in the case of a company, partnership, unincorporated body or association, body corporate or other entity, any such company, partnership, unincorporated body or association, body corporate or other entity (whether established or incorporated in or outside Brunei Darussalam) which is ultimately owned (whether partially or wholly) or controlled, by one or more persons who are not Brunei Darussalam citizens or by one or more entities incorporated or established outside Brunei Darussalam. "Control" in this context refers to the ability or power to exercise a significant influence over management and decision-making. [...]" (AiTi (2006), "Licensing and Regulatory Operational Framework")
ANNEX I - SCHEDULE OF BRUNEI DARUSSALAM, Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
TELECOMMUNICATIONS ORDER, 2001 
TELECOMMUNICATIONS (RADIO-COMMUNICATION) REGULATIONS, 2013
AiTi (2006), "Licensing and Regulatory Operational Framework"
[<a href="https://www.mfat.govt.nz/assets/Trade-agreements/TPP/Annexes-ENGLISH/Annex-I.-Brunei.pdf">CPTPP</a>],[<a href="https://www.agc.gov.bn/AGC%20Images/LAWS/Gazette_PDF/2001/EN/S038a.pdf">Order</a>],[<a href="https://www.agc.gov.bn/AGC%20Images/LAWS/Gazette_PDF/2013/EN/s086.pdf">Reg</a>],[<a href="https://www.aiti.gov.bn/media/ocgngjfs/aiti-operational-framework.pdf">Framework</a>]