Velatel Global Communications Inc (VELA) 0.0003 $VELA
China Motion Mobile Expands Service Area
GlobeNewswire - Thu Jul 18, 7:03PM CDT
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, today announced its wholly owned subsidiary, China Motion Mobile (CMMobile), is continuing to expand its service area throughout Asia by now offering its service in Macau. Macau is one of the two special administrative regions of the People's Republic of China (the other being Hong Kong), its economy is heavily dependent on gambling and tourism, but also includes manufacturing. This is a natural next step for CMMobile with over 25 million visitors traveling between Hong Kong, China, Taiwan and Macau, accounting for 89% of all Macau's 28 million inbound tourists. "We are pleased to be able to respond to our current customers' needs by extending our unique service to Macau," says Peter Hung CEO of CMMobile.
VelaTel Global Communications Interviewed Live on Big Biz Show
GlobeNewswire - Thu Apr 18, 7:30AM CDT
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that George Alvarez, the company's CEO, was featured in a live television and radio interview on "The Big Biz Show with Sully and Russ T Nailz."
VelaTel Closes Its Acquisition of China Motion Telecom
GlobeNewswire - Mon Mar 11, 7:30AM CDT
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that it has closed its acquisition of a 100% equity interest in China Motion Telecom (HK) Ltd. for a total purchase price of approximately US$6.4 million, with US$1.6 million paid in cash and the balance in the form of a promissory note payable within six months (contract amounts are in Hong Kong dollars, with their approximate US dollar equivalents described here).
VelaTel Secures $12 Million Equity Funding From Ironridge
GlobeNewswire - Mon Dec 17, 7:30AM CST
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that it is has closed a $12 million stock purchase agreement with Ironridge Technology Co., an institutional investor in the telecommunications sector.
China Motion Mobile Expands Service Area
GlobeNewswire - Thu Jul 18, 7:03PM CDT
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, today announced its wholly owned subsidiary, China Motion Mobile (CMMobile), is continuing to expand its service area throughout Asia by now offering its service in Macau. Macau is one of the two special administrative regions of the People's Republic of China (the other being Hong Kong), its economy is heavily dependent on gambling and tourism, but also includes manufacturing. This is a natural next step for CMMobile with over 25 million visitors traveling between Hong Kong, China, Taiwan and Macau, accounting for 89% of all Macau's 28 million inbound tourists. "We are pleased to be able to respond to our current customers' needs by extending our unique service to Macau," says Peter Hung CEO of CMMobile.
VelaTel Global Communications Interviewed Live on Big Biz Show
GlobeNewswire - Thu Apr 18, 7:30AM CDT
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that George Alvarez, the company's CEO, was featured in a live television and radio interview on "The Big Biz Show with Sully and Russ T Nailz."
VelaTel Closes Its Acquisition of China Motion Telecom
GlobeNewswire - Mon Mar 11, 7:30AM CDT
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that it has closed its acquisition of a 100% equity interest in China Motion Telecom (HK) Ltd. for a total purchase price of approximately US$6.4 million, with US$1.6 million paid in cash and the balance in the form of a promissory note payable within six months (contract amounts are in Hong Kong dollars, with their approximate US dollar equivalents described here).
VelaTel Secures $12 Million Equity Funding From Ironridge
GlobeNewswire - Mon Dec 17, 7:30AM CST
VelaTel Global Communications (OTCQB:VELA), a leader in deploying and operating wireless broadband and telecommunication networks worldwide, announced today that it is has closed a $12 million stock purchase agreement with Ironridge Technology Co., an institutional investor in the telecommunications sector.
