Challenge to Transforming the Limitation on Overseas Investment in the Business of Internet Protocol TV Due to the Regulation in Indonesia

Soemarwi, Vera W. S. Challenge to Transforming the Limitation on Overseas Investment in the Business of Internet Protocol TV Due to the Regulation in Indonesia. Challenge to Transforming the Limitation on Overseas Investment in the Business of Internet Protocol TV Due to the Regulation in Indonesia.

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Abstract

Indonesia has advanced to a new
technological development era via digital television. The
challenged was adopted in 2009 and later on was revised
through the Regulation of Ministry of Communication and
Informatics Number 6 Year 2017 about the Management of
Internet Protocol Television Services (IPTV Regulation).
This article discusses about state responsibilities to evaluate
and supervise the management of Internet Protocol
Television (IPTV) services while on the other hand
monitoring the restriction on nominee arrangement
according to Law of the Republic of Indonesia Number 40
Year 2007 concerning Limited Liability Company as well as
Law of the Republic of Indonesia Number 25 Year 2007
Concerning Investment Law, which significantly impacts
IPTV management. From a framework perspective, IPTV
business requires a consortium comprised of several
companies. As such, the business requires massive investment
and detailed planning. However, a company interested to
obtain license on broadcasting services television must limit
its foreign investor participation with the maximum of 20%
(twenty percent) from its total capital as regulated under the
Negative List Regulation. Meanwhile existing local investors
have obstacle to start the business due to the insufficient
national funds. Facing this obstacle, foreign investors tend to
resort on nominee arrangement to develop IPTV industry
captive market in Indonesia. The research of this study
focuses on how state can resolve the issue of nominee
arrangement by revising the Indonesian Negative List
requirement on IPTV industry.
Keywords: foreign investment, internet protocol television
industry

Item Type:	Article
Subjects:	Penelitian > Fakultas Hukum
Divisions:	Fakultas Hukum > Ilmu Hukum
Depositing User:	Puskom untar untar
Date Deposited:	16 Dec 2020 18:05
Last Modified:	16 Dec 2020 18:05
URI:	https://repotest.untar.ac.id/id/eprint/13505

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