Everbright completed the acquisition of VTL for $79m.

Everbright, a Hong Kong-based financial services company, completed the acquisition of VTL, a telecommunications service provider, for $79m. “We are pleased to join the Everbright Overseas Infrastructure Investment Fund. We hope to continuously improve the Company’s service and management quality, optimize the quality of equipment and network, and expand the construction of the fiber optic network, so as to provide more village house residents with better quality, stable and barrier-free Internet services. With the upcoming rapid development of the Northern Metropolitan Area, the convenience of transportation within the region will significantly be improved. It is expected that the number of residents in the village will increase substantially, bringing forth new opportunities for VTL,” Clio IP, VTL CEO.