Since 2018: to obtain a commercial television or regional radio broadcasting license, at least 26% of the controlling interest in the applicant must be held by Israeli citizens who are residents, or by corporations registered in Israel in which the same condition is met; to obtain a satellite broadcasting license,  at least 26%  of the controlling interest in the applicant must be held by Israeli citizens who are residents; and to obtain a cable broadcasting license, at least 20% of the controlling interest in the applicant must be held by Israeli citizens who are residents, or by corporations controlled by an Israeli citizens who are residents.
Previously, at least 51% of the controlling interest in a commercial television and regional radio concession must be held by nationals who were residents of Israel, and at least 26% of the controlling interest in a licensee for cable and satellite broadcasting had to held by nationals who were residents of Israel.
"2. The right of the State and licensing obligation
(a) The State has the right to conduct Telecommunication Activities and to provide Telecommunication Services.
(b) No person shall conduct Telecommunication Activities and no person shall provide Telecommunication Services unless it obtains a license therefor from the Minister under this Law or by virtue of a General Permit therefor. 
[...]
4. Grant, change and revocation of licenses
(a) The Minister may grant a license for the conduct of Telecommunication Activities and for the provision of Telecommunication Services, and set out terms and conditions in the license, and he may direct that the license be granted by way of a tender; the license may be general or special; nothing in the grant of a General License shall prevent the grant of a Special License for an Activity or Service included in the General License.
[...]
46. A license application shall be submitted to the Minister in writing, and shall specify the details of the proposed Telecommunication Activities and Telecommunication Services the manner of their performance; the Minister may determine, in regulations, additional details to be included in the application.  [...]
(d2) Without derogating from the provisions of subsections (b) and (e) or section 59, and taking into consideration, inter alia, the considerations said in subsection (b), the Minister may prescribe, by regulations or in a license, provisions concerning the following:
(1) restrictions and conditions in respect of the holding, transferring or purchasing of Means of Control in a license applicant or in a Licensee, including by an Other Licensee under this Law or an Interested Party in any of them, all of which whether directly or indirectly, as well as restrictions and conditions concerning the appointment of Officers therein; [...]" (Communications Law (Telecommunications and Broadcasting) (22.8.1982), last amended 24.12.2020, Sections 2 and 4 [unofficial translation])
--------------------
"Definitions
1. In this law - [...]
"Concession for television broadcasts" - a concession granted under this law for the conduct of television broadcasts;
"Concession for radio broadcasts" - a concession granted under this law for conducting radio broadcasts in the analogous method;
[...]
Concession according to tender
38. Concession for radio broadcasts until the date of the transition - also a concession for television broadcasts, will be given according to a public tender published by the Authority.
[...]
Right to participate in the tender and restrictions for the granting of a license for television broadcasts
41. (a) A   tender may be attended by a corporation in which at least these conditions are met, and what is stated in subsections (b), (b1) and (c) is not met:
(1) is a corporation registered in Israel whose ability to direct its operation and at least twenty-six percent of all means of control in it, are in the hands of Israeli citizens and residents of Israel, or in the hands of corporations registered in Israel in which the said conditions are met. In this paragraph, "Israeli citizen" - as defined in the Citizenship Law, 1952; [...]" (The Second Authority for Television and Radio Law (13.02.1990), last amended 10.1.2019, Sections 1, 38 and 41 [google translation])
--------------------
"Location in Israel and citizenship
13. In an applicant who is a corporation, all of the following will take place:
(1) his business center in Israel;
(2) its general manager or a parallel position in the corporation is an Israeli citizen and a resident thereof;
(3) half or more of the directors therein or officers corresponding to the directors, are citizens of Israel and residents thereof;
(4) 26% or more of all means of control in the applicant are held by the citizens or residents of Israel.[...]" (Communications Regulations (Telecommunications and Broadcasting) (Procedures and Conditions for Licensing Satellite Broadcasting) (26.8.1998), last amended 5.1.2006, Section 13 [google translation])
--------------------
""Definitions
1. In these regulations - [...]
"Means of control of a corporation" - any of the following:
(1) the right to vote at a general meeting of a company or in a parallel body of another corporation;
(2) the right to appoint a director or general manager;
(3) the right to participate in the profits of the corporation;
(4) the right to share in the balance of the corporation's assets at the time of liquidation after the liquidation of its liabilities;
[...]
Prerequisites
11. (a) A person in whom all of the following has taken place may apply:
(1) is a company that has been legally incorporated in Israel under the Companies Law, 5769-1999, or another corporation incorporated in Israel under any law, the incorporation of which is intended for the purpose of obtaining the license;
(2) One of the following took place in it:
(A) At least twenty percent of each of the means of control in the applicant is held directly by an Israeli citizen and a resident thereof, or is held by a corporation controlled by an Israeli citizen and resident;
(B) he was given a provision under section 13 of the Act at the request of the General Security Service, and the General Security Service confirmed that it included alternative requirements to the requirement stated in sub-paragraph (a);
(3) The General Manager, a director who has been granted executive powers and most of the directors in the applicant are Israeli citizens and residents.
(b) A person who has been convicted of an offense which, according to its nature, severity or circumstances, is not worthy, in the opinion of the director, to serve as an officer in it, shall not serve as an officer.
(c) In this regulation -
"Citizen of Israel" - as defined in the Citizenship Law, 1952;
"Resident" - within the meaning of the Population Registry Law, 1965.[...]" (Communications Regulation (Telecommunications and Broadcasting) (Procedures and Conditions for Obtaining a General License to Provide Fixed Domestic Telecommunications Services) (25.9.2000), last amended 7.10.2020, Sections 1 and 11 [google translation])"
Communications Law (Telecommunications and Broadcasting) (22.8.1982), last amended 24.12.2020, Sections 2 and 4
The Second Authority for Television and Radio Law (13.02.1990), last amended 10.1.2019, Sections 1, 38 and 41
Communications Regulations (Telecommunications and Broadcasting) (Procedures and Conditions for Licensing Satellite Broadcasting) (26.8.1998), last amended 5.1.2006, Section 13
Communications Regulation (Telecommunications and Broadcasting) (Procedures and Conditions for Obtaining a General License to Provide Fixed Domestic Telecommunications Services) (25.9.2000), last amended 7.10.2020, Sections 1 and 11
[<a href="https://www.nevo.co.il/law_html/Law01/032_002.htm">Law</a>],[<a href="https://www.nevo.co.il/law_html/law01/p213m1_074.htm">Law</a>],[<a href="https://www.nevo.co.il/law_html/Law01/032_080.htm">Reg</a>],[<a href="https://www.nevo.co.il/law_html/Law01/032_088.htm">Reg</a>]