Russia’s CTC Media is looking to expand its presence outside the country.
Kommersant reports that the commercial broadcaster, which is backed by Modern Times Group (MTG), is hoping to enter into a joint venture with the Belarusian cable operator BelMuzTV.
Negotiations between the two parties have apparently been ongoing for a year, and a final decision is now pending.
CTC Media already has interests in Kazakhstan, Uzbekistan and Moldova. Legislation that came into effect in February this year puts a 30% foreign ownership cap on media companies operating in Belarus.
