VELATel Global Communications, Inc, is a holding company of telecommunications carriers throughout the world. ZTE and VELATel have partnered to form a Global Strategic Partnership.
VELATel has been accepted to membership in Global TD-LTE Initiative (GTI), a prestigious industry trade group whose founding members include China Mobile Communications, Japan mobile operator Softbank Mobile Communications, India mobile operator Bharti Airtel, US Wi-MAX operator Clearwire Communications, and multi-national mobile operator Vodofone Group Services
VELATel holds controlling equity interest and/or board control in China Motion Telecom, Novi-Net, Montenegro Connect, and VN Tech, which allows VELATel to consolidate all project financial performance on its books.
VELATel, through PRC based operating subsidiaries, has exclusive service contracts with New Generation Special Network Communication Technology Co., Ltd. (NGSN) and Aerostrong Company Limited.
VELA is perfectly positioned for a breakout! The pressure is building and the short selling is starting to cover.
It doesn't take a genius to see the chart to the left and realize this stock has gained a lot in the past month.
CMMobile, is the leading mobile virtual network operator (MVNO) in Hong Kong, with more than 100,000 customers.
Novi-Net, has been providing WBA in five counties in northern Croatia under a regional license since 2006. Novi-Net currently owns a data center, a network core and 11 base transceiver stations (BTS) to provide WBA and related services to approximately 1,900 subscribers.
Montenegro Connect, holds a nationwide license in Montenegro, the license grants the use of 40 MHz of radio frequency spectrum in the 3.5 GHz bandwidth to serve customers with state of the art 4G LTE services.
VN Tech is a leading distributor of hydrogen fuel cells that satisfy the telecommunication industry standard to provide back-up power to operate data centers and remotely located infrastructure equipment during periods where primary electrical transmission is interrupted for any reason.
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