Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) acquired 51% stake in Factorin from Digital Horizon for RUB 870 million in June 2021. In addition, MTS has concluded an option agreement providing for the Company to retain a call option to acquire the remaining equity in Factorin from the startups founders in the future. The Co-Founder & Chief Executive Officer of Factorin, Andrey McLean and the team will have a 25% share, another 24% will be held by the Digital Horizon. Prior to closure, the transaction received all necessary corporate approvals.

Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) completed the acquisition of 51% stake in Factorin from Digital Horizon in June 2021.