By Tobin Smith|September 21, 2011, 3:20pm GMTSep 21 2011
VelaTel Global Communications ($VELA) recently had a successful "soft launch" in eight cities in Peru. And as of Sept. 15, the soft launch period is over, the Go Movil stores are open, the networks are running, and they will fulfill all their orders as the customer premise equipment (CPE) clears customs in Peru. (We expect a vast majority of the 7,000 pre-orders will convert to customers.)
One of the key strategies for VelaTel ($VELA) has been to leverage its 4G technology engineers and Taiwan 4G device manufacturers to bring out their own branded 4G devices at VERY attractive price-to-performance levels.
We get lots of questions here about VelaTel/ChinaTel’s 4G-LTE emerging-markets network strategy, particularly on days when there’s no news to report. But even though there are times when there are no major headlines to report, the company is working hard on fulfilling all the plans and promises it has made.
So today, I want to update you on everything I know, and to assure you that I very much like what I’m seeing. In fact, I have full confidence that the stock is going to 60 cents by year-end. Here’s why.
We're about to see broadband usage balloon even further. There are more streaming services and cloud-based offerings on the way, in a range of different implementations, plus more robust and higher definition content. Click on broadband to learn how this could affect you. Curated by Kyle Brown.
I had a GREAT meeting with ChinaTel Group ($CHTL.PK) today, and want to share some of the highlights with you right away.
Our No. 1 Takeaway is….
ZTE Corp. (which provides telecom equipment and network solutions on the global scale) is backing ChinaTel for eight MORE countries in Central Europe and Russia. This includes ALL capital and operational expenditures to get the networks deployed and selling subscriptions.
If You Have Not Figured Out Why ChinaTel’s ($CHTL.PK) Ownership of 3.5GHz Wireless Spectrum is SO Valuable, Read This…
Fact: Most wireless gadgets -- from the Bluetooth earpiece for your phone … to your favorite tablet computer (i.e., iPad, Kindle, Nook) … to the laptop you can't leave home without -- runs over the electromagnetic spectrum.