Not more than 49.9% of the directors in a radio and television broadcasting company can be foreign nationals.
"2. Interpretation
In this Act—[...]
"broadcast" means emit sound or images by means of Hertzian waves, satellite or a wired electromagnetic system for reception by the public—
(a) otherwise than within a self-contained building; and
(b) extending to or connecting at least 2 buildings;
[...]
4. Objects of Authority
The Authority shall—[...]
(e) ensure that broadcasting services are not controlled by foreign nationals;
[...]
PART IV – LICENSING
18. Prohibition against broadcasting
(1) Subject to subsection (2), no person shall provide a broadcasting service unless—(a) he is licensed to do so under this Act;
[...]
19. Application for licence
(1) Any person who wishes to obtain a licence under this Act shall make an application to the Authority in the prescribed form.[...]
(3) Subject to subsections (3A), (3B) and (3C), the Authority shall not grant a licence where the applicant— [...]
(h) is a company or body corporate—
(i) formed, registered or incorporated in a foreign country; or
(ii) 49.9 per cent or more of the shares of which are owned or controlled, directly or indirectly, by a foreign national, company or body corporate, where the Authority is satisfied that the control of the company or body corporate, as the case may be, is not by virtue of any shareholder agreement or other instrument, effectively vested in a foreign national, a foreign company or a foreign body corporate; or
(iii) 49.9 per cent or more of the directors of which are foreign nationals; or
(iv) 20 per cent or more of the shares of which are owned or controlled, directly or indirectly, by an individual who, or by another company or body corporate which, owns or controls, directly or indirectly, any newspaper or magazine, or any printing press publishing such newspaper or magazine.
(3A) The Authority may grant a licence specified in item 2A of Part III of the First Schedule to a company, notwithstanding that it does not satisfy the requirements of subsection (3) (h) (ii), (iii) or (iv).
(3B) The Authority may grant, with regard to Internet Service Providers licensed by the Information and Communcation Technologies Authority, a licence specified in Part III of the First Schedule notwithstanding the fact that the licensed Internet Service Provider did not satisfy the requirements of subsection (3)(h)(ii) and (iii).
[...]
FIRST SCHEDULE [Section 2]
LICENCES [...]
PART III – Subscription Television Broadcasting Licences [...]
2A. Subscription Television Direct to Home Satellite Broadcasting Services Provider Licence (For companies operating only elsewhere than in Mauritius)
To provide subscription television direct to home satellite broadcasting services to the public elsewhere than in Mauritius, whereby television signals are transmitted by satellite for direct reception by the general public, upon payment of a monthly subscription fee.[...]
4. Internet Protocol Television Service Licence
To establish and operate a service which provides scheduled television programming over a public network and which may provide additional features such as data, text and audio signals which are ancillary to the scheduled television programming.[...]" (INDEPENDENT BROADCASTING AUTHORITY ACT No 29 of 2000 – 1 January 2001, as amended)

INDEPENDENT BROADCASTING AUTHORITY ACT No 29 of 2000 – 1 January 2001 Amended 9/15 (cio 14/5/15); GN 153/16 (cio 1/5/16); 21/16 (P56/16 – cio 15/12/16); GN 87/18 (cio 1/10/10); 13/19 (cio 25/7/19); 18/21 (cio 1/1/21, P14/21 – cio 4/12/21);
[<a href="https://www.iba.mu/documents/iba_act(2021).pdf">Act</a>]