VelaTel Global Communications CEO Interviewed on Live TV in Peru
(firmenpresse) - SAN DIEGO, CA -- (Marketwire) -- 09/27/11 -- (OTCQB: VELA) (PINKSHEETS: VELA) ("VelaTel") (previously ChinaTel Group, Inc.), a holding company for Wi-MAX and LTE (4G) network operators and wireless products and services, announced today that its Chairman and CEO George Alvarez was interviewed live on the 7 o'clock evening news on Peru's Channel 8 / Rumbo Económico, a business news network hosted by Jimena de la Quintana. A replay of the interview, conducted in Spanish, is available by clicking or visiting VelaTel's multimedia page .
In the interview, Alvarez discusses , VelaTel's 4G mobile broadband access network that was recently launched in eight Peruvian cities, where the Company holds licenses. The network uses equipment provided by , a publicly-traded supplier of infrastructure and consumer telecommunications equipment that serves over 140 countries with 2010 annual sales of over $10 Billion. ZTE has agreed to finance 85% of the approximately $41 million total projected cost of infrastructure equipment VelaTel plans to purchase to deploy its 4G network in Peru. During the interview, Alvarez discusses VelaTel's relationship with ZTE and the full line of GO MOVIL products and services.
For more information on GO MOVIL in English, please . Spanish speaking customers may also visit and then select "Dispositivos" (which is Spanish for "Devices").
("VelaTel") acquires spectrum assets through acquisition or joint ventures. VelaTel provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where Internet penetration rate is low relative to the capacity of incumbent operators that provide comparable cutting-edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in People's Republic of China and Peru under the brand . Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel's administrative headquarters are in San Diego, California. To learn more about VelaTel, visit .
This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
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VelaTel Global Communications, Inc.
Tim Matula
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Datum: 27.09.2011 - 12:30 Uhr
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