MTS launches Blockchain accelerator

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AK&M 22 April 2024 19:58

MTS is launching a blockchain accelerator. The company is looking for startups developing digital products based on blockchain technology. Graduates of the acceleration program will have the opportunity to attract investments of up to $5 million dollars (in the project) from the MTS venture Fund. This is stated in the company's message.

Among the main selection criteria: the presence of an MVP and a confirmed market for product development, a strong team. The acceleration program will last for 2 months.

PJSC Mobile TeleSystems (MTS, INN 7740000076), together with its subsidiaries, serves about 100 million cellular subscribers. The authorized capital of MTS is 199.84 million rubles (1998381575 outstanding ordinary registered shares).

MTS profit for 2023 increased by 67.5% to 54.6 billion rubles from 32.6 billion rubles a year earlier. Revenue increased by 13.5% to RUB 606 billion from RUB 534.1 billion, adjusted OIBDA increased by 6.4% to RUB 234.2 billion from RUB 220.1 billion.