INTERVIEW-UPDATE 1-Modern Times won't buy Alfa's CTC Media stake

By Georgina Prodhan

BARCELONA, Nov 21 (Reuters) - Swedish media company Modern Times Group (MTGb.ST) has no plans to buy Alfa Group's stake in Russian TV company CTC Media (CTCM.O) or any of News Corp's NWSa.N assets in eastern Europe, its chief executive said.

Hans Holger Albrecht told Reuters his group, which has focused on broadcasting in eastern Europe and Russia, was looking to Africa for growth after 2011 when its current core markets may start to slow.

Asked whether MTG might acquire Alfa's 26 percent holding in CTC Media, Russia's largest TV network wholly outside state control, Albrecht replied: "No." MTG owns 40 percent of CTC.

"We have a partnership that's very good. They have no intention to sell," he added in an interview on the fringes of Morgan Stanley's Technology, Media and Telecoms conference.

Alfa Group is a private-equity vehicle of billionaire Mikhail Fridman.

Russian business daily Kommersant reported earlier this year that Alfa Group might sell its shares to MTG or swap them for a stake in the Swedish group.

Albrecht added that MTG had no interest in buying News Corp's TV stations in Bulgaria or Latvia, and believed they were no longer for sale.