Velatel Global Comm. (fka VELA)

[Krisandtilly]

News Soooon your wait will be over...Luo knows what he's doing look at zte soon vela will turn around.
In China alone there are estimated to be more than 1 million BTS requiring back up power, with over 100,000 additional BTS projected to come on line each year. By leveraging VelaTel’s relationships and networks, we expect that VN Tech will capture a significant share of this enormous market. Accordingly, increasing our stake in VN Tech from 51% to 75% was a no-brainer, and enables us to consolidate more revenue on VelaTel’s books.”

CO-Founder of ZTE and Chairman of VN Tech, Luo Hongye, added, “During my days at ZTE it had become apparent that green energy was one of the next big opportunities for growing revenue and cutting costs. This was the reason I started VN Tech, and why we’re so excited about delivering our fuel cell systems to the entire telecommunications industry.”