The Russian arm of Swedish telco Tele2 is attempting to acquire Russian regional mobile operator SMARTS and the Russian mobile assets of US-based MCT Corp, according to Cellular News quoting unconfirmed reports in local business daily Kommersant. A source said that Tele2 had signed a memorandum of understanding with SMARTS’ shareholders to buy the Russian company for USD700 million. A SMARTS spokesperson said that Tele2 might also purchase regional mobile assets of MCT, which currently controls four minor mobile operators with a total subscriber base of around 260,000, the daily reported. The proposed deal might be slightly delayed as 100% of SMARTS’ shares have been frozen by two court decisions following a conflict between SMARTS’ key shareholders and Sigma, holder of a 0.125% stake. However, Kommersant’s source added that the conflict was close to an end and that Sigma has been offered USD30 million for its stake.