Baring Vostok Capital Partners

CTC Media, Inc., established in 1989, is a prominent independent broadcasting company based in Moscow, Russia. It operates four leading television channels in Russia—CTC, Domashny, Che, and CTC Love—as well as Channel 31 in Kazakhstan. The company's channels reach over 150 million viewers across Russia, Kazakhstan, and other countries through international broadcasts. CTC Media also owns digital entertainment media assets such as videomore.ru and ctc.ru, and operates an in-house advertising sales agency. Additionally, it has TV content production facilities via its subsidiary Story First Production.

VEON is a digital operator that provides mobile and fixed-line connectivity and related services across multiple markets. It offers voice and data services, roaming, content, and mobile financial services, along with fixed-line Internet, data transmission, and network access for consumers, businesses, and operators. The company operates under the Beeline, Kyivstar, Jazz, Djezzy, and banglalink brands in Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, Armenia, and Georgia, serving about 212 million customers. Its activities focus on converged connectivity and digital services, including machine-to-machine offerings and international transit for partners.