VelaTel Global Communications, Inc., founded in May 2008, is a holding company of telecommunications carriers throughout the world. The Company currently holds investments in ten projects; GO MOVIL, Novi-Net, Montenegro Connect, VeratNet, Zapna, Sino Crossings, New Generation Special Network (NGSN), Aerostrong Company Limited, Golden Bridge Network Communications, (GBNC), and VN technologies Co., Ltd. The Company’s business model is to combine its engineering and deployment expertise, its equity funding relationship, its vendor partnership, and spectrum, fiber and concession rights assets acquired through subsidiary or joint venture relationships, to create and operate complete networks worldwide.
VelaTel’s present operational focus is on the deployment of telecommunications networks that utilize Wireless Broadband Access (WBA) in emerging international markets using either 2.5 GHz or 3.5 GHz radio frequency spectrum. In addition to its current markets in Peru, Eastern Europe and The People’s Republic of China (PRC), VelaTel is investigating opportunities to enter other markets including Russia, India, Singapore, the Philippines, Albania, countries in the Caribbean Islands and Southern Pacific Islands, and countries in the Middle East and North Africa.