Tele2 values SMARTS

4 Jul 2006

The Swedish telco Tele2 has valued Russia’s SMARTS Group at between USD650 million and USD750 million. Tele2 is in talks to acquire SMARTS, according to a report from Russian business daily Biznes, which cited SMARTS director Andrei Girev. Tele2, Russia’s fourth largest cellular operator, has not confirmed that is in takeover talks with SMARTS, which is the country’s sixth largest cellco.

Russia, SMARTS Group, Tele2 Russia