Velatel Global Comm. (fka VELA)

[helpm]

From TheStreet.com
3/11/2014



The acquisition of China Motion furthers several of VelaTel's long term strategic goals. First, China Motion's access to wholesale voice and data services using the wireless network resources of incumbent carriers will allow VelaTel to begin deployment of its projects in mainland China with a fraction of the capital expenditures originally budgeted. Second, China Motion's experience and personnel in sales and marketing, customer service and billing solutions provides a platform to serve VelaTel's wireless broadband and voice networks worldwide. Third, the acquisition creates tremendous synergies with VelaTel's Europe based subsidiary Zapna, which also focuses on long distance and roaming solutions that cater particularly to the frequent international traveler. "The roaming and long distance solutions offered by China Motion and Zapna complement each other. We expect the revenues of both subsidiaries to increase as each gains exposure to customers beyond their current regional markets in Northern Europe and Greater China," remarked VelaTel's President, Colin Tay.