OBS_VALUE: Limitations on foreign control of commercial broadcasting services - A foreigner may not, whether directly or indirectly— (a) exercise control over a commercial broadcasting licensee; or (b) have a financial interest or an interest either in voting shares or paid-up capital in a commercial broadcasting licensee, exceeding twenty (20) percent. (2) Not more than twenty (20) percent of the directors of a commercial broadcasting licensee may be foreigners.