SAN DIEGO--(BUSINESS WIRE)--U.S.-based VelaTel Global Communications, Inc. (OTCQB:VELA) (previously ChinaTel Group) announced that VelaTel’s GO MOVIL wireless broadband access network went “live” today in all eight cities where it holds licenses. The network is being operated under the brand name GO MOVIL, www.gomovil.com.pe. The GO MOVIL network provides the first true 4G broadband internet access in Peru to the approximately five million inhabitants of the targeted cities. GO MOVIL will offer its subscribers a variety of low-cost prepaid service plans and various devices for accessing the internet in both fixed and mobile ways, which will be sold in company operated GO MOVIL stores. Customers are also able to recharge their plans through a network of distributors in grocery and convenience stores, gas stations, and other convenient locations.
VelaTel remains committed to bringing high speed internet access to underserved markets around the globe, with the Peru launch serving as a major milestone in pursuit of this goal.
To learn more about VelaTel’s business initiatives visit www.velatel.com. To learn more about GO MOVIL visit www.gomovil.com.pe.
About VelaTel Global Communications, Inc.
VelaTel acquires spectrum assets through acquisition or joint venture relationships, and 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 to 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. For more information, please visit www.velatel.com.
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