0
General

MTS acquires controlling stake in blockchain trade finance platform Factorin

Tuesday 27 July 2021 | 14:54 CET | News
Russia telecom operator MTS, together with the international venture capital firm Digital Horizon, announced the acquisition of 51 percent of the equity capital of Factorin by MTS for RUB 867 million. This includes a RUB 350 million cash-in investment to support the blockchain startup's continued development.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: MTS
Countries: Russian Federation
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTS to increase stake in Sistema Capital to 100%

Published 17 Sep 2021 16:42 CET | Russian Federation
Russian operator MTS has signed a definitive agreement with telecom holding company Sistema and its subsidiary Sistema Finance. ...

MTS acquires large data centre in Moscow region for RUB 5.2 billion

Published 06 Jul 2021 09:39 CET | Russian Federation
Russian operator MTS has bought GDTs Energy Group for RUB 5.2 billion, including net debt. The group owns the GreenBush facility ...

MTS acquires CPaaS provider MTT for RUB 5 billion

Published 30 Jun 2021 16:04 CET | Russian Federation
Russian operator MTS has acquired the business services provider Multiregional TransitTelecom (MTT) for RUB 5.0 billion, helping ...

MTS Group invests in fintech platform TalkBank

Published 09 Jun 2021 17:21 CET | Russian Federation
Russian operator MTS said its corporate venture fund has invested in fintech platform TalkBank. The total amount invested in the ...

MTS closes bank guarantee over blockchain platform

Published 18 Dec 2020 11:02 CET | Russian Federation
Russian operator MTS and the bank VTB have carried out a commercial deal on a bank guarantee using the Russian blockchain ...

MTS starts using services from blockchain platform Factorin

Published 04 Dec 2020 17:13 CET | Russian Federation
The retail chain of Russian operator MTS has started using services from Russian B2B blockchain platform Factorin after carrying ...