Velatel Global Comm. (fka VELA)

[IsaacIronridge]

VELA Out of Business Link

https://www.telegeography.com/products/commsupdate/articles/2017/01/23/mvno-monday-a-guide-to-the-weeks-virtual-operator-developments/

Hong Kong-based CMMobile was forced to suspend its services on 17 January after failing to pay its wholesale fees to network host Hong Kong Telecom (HKT). The Standard quotes a HKT officials as saying: ‘Our decision to terminate mobile service to CMMobile is due to its long outstanding payments and made only after having extended the payments deadline several times.’ According to TeleGeography’s GlobalComms Database, the MVNO launched back in April 2002, and has been owned by VelaTel Global Communications since November 2012. The MVNO’s user base stood at around 100,000 at the time of the takeover, dwindling to just 60,000 users at the time of its shutdown.