SOURCE: VelaTel Global Communications Inc.

VelaTel Global Communications Inc.

November 28, 2011 08:30 ET

VelaTel Begins Generating Revenue From 4G Subscribers in Peru

SAN DIEGO, CA--(Marketwire - Nov 28, 2011) - U.S.-based VelaTel Global Communications, Inc. (OTCQB: VELA) (PINKSHEETS: VELA) ("VelaTel"), a leader in deploying and operating wireless broadband and telecommunications networks worldwide, announced today that its 95% owned subsidiary, Perusat, operator of Peru's first 4G broadband network under the trade name "GO MOVIL," has begun generating revenue from prepaid subscribers of its Internet service plans.

"When we first opened our stores and saw the level of consumer interest, we knew we would have an impact on the market. Now that more selection from our product line is available for sale, GO MOVIL has begun generating initial revenues. We expect to realize significant revenue over the long-term as we continue to sign up more subscribers," said George Alvarez, CEO of VelaTel.

"Residents have continually thanked us for bringing 4G broadband to their region, many of whom never thought this day would come," said Ryan Alvarez, VelaTel Vice President of Marketing. "Our goal is to provide exceptional high-speed, broadband coverage for use on today's most popular and advanced mobile devices, which can create lifetime customer relationships."

The GO MOVIL Infinity G family of products includes: a plug-and-play USB dongle for laptops and other mobile devices and a Mi-Fi device for portable, wireless Internet access using an existing smart phone or tablet device. GO MOVIL's Infinity G Series 7" and 10" touch screen tablets are expected to be in stores soon. GO MOVIL also sells indoor and outdoor wireless CPEs (similar to a combination cable modem and wireless router) manufactured by ZTE Corporation. GO MOVIL offers its subscribers a variety of low-cost prepaid service plans and devices for accessing the Internet in both fixed and mobile ways. Prepaid service plans are sold separately or bundled with select GO MOVIL product offerings. Customers will soon be able to recharge their service plans through a network of distributors in grocery and convenience stores, gas stations, and other convenient locations.

Perusat operates stores in the cities of Chiclayo, Chimbote, Ica, Piura and Trujillo, and plans to open two additional GO MOVIL stores, in Cusco and Arequipa, by year-end 2011. For more information, please visit www.velatel.com and select "Projects + Brands," and then "GO MOVIL." Spanish speaking customers may visit www.gomovil.com.pe and select "Dispositivos" (which is Spanish for "Devices").

About VelaTel Global Communications, Inc.
VelaTel Global Communications, Inc. ("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. 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 www.velatel.com.

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.

Contact Information

  • CONTACT:
    VelaTel Global Communications, Inc.
    Tim Matula
    Investor Relations
    1-877-260-9170 (Toll Free)
    Email Contact