Internet Initiatives Development Fund Invest announced that it will receive RUB 2,000,000,000 in equity round of funding in December 2019. The transaction will include participation from two wholly owned subsidiaries which are Public Joint-Stock Company Bashinformsvyaz (MISX:BISV) and CommIT Capital, a fund managed by CommIT, LLC for 31.03% stake in the company. The representatives of investor will join the investment committee of the company. In December 2019, the company has received its first tranche from investors for 18.36% stake. The transaction is expected to close at the by the end of January 2020.