VelaTel and ZTE sign purchase order for wireless broadband in Croatia and Montenegro

VelaTel Global Communications, a leader in deploying and
operating wireless broadband and telecommunication networks, and ZTE, announced
their purchase order for 75 base transceiver stations (BTS) plus the core
equipment, other infrastructure and software VelaTel will deploy in connection
with the first phase of its new wireless network projects in Croatia and

The value of the order is $4.75 million, including
shipping charges and VAT. ZTE is currently configuring the equipment to the
precise spectrum frequencies covered under the licenses of VelaTel’s new
subsidiaries in Croatia and Montenegro.

ZTE estimates the equipment
will be ready for shipment that is tentatively scheduled for end of December
2011 and will clear customs in Croatia and Montenegro and be available for
installation by approximately March 2012.

“Even though we will not officially close our
acquisition of Novi-Net and Montenegro Connect until early January, we are
working with our new partners to take the steps necessary to have sites ready
for installation when the equipment arrives. We appreciate ZTE’s efforts to
expedite this order and to identify where their local people can provide the
services that will ensure a smooth deployment,” said VelaTel’s
COO, Mario Alvarez.

By Team
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