VelaTel buys 75% stake in telephony solutions provider Zapna

Telecom Lead America: VelaTel has completed the
acquisition of a 75 percent equity stake in Zapna ApS, a Denmark-based provider
of products, services, and solutions for telephony and broadband operators and

Zapna provides telecommunications solutions and services
including SIM overlay cards and mobile applications to reduce long distance and
roaming charges of retail and corporate users. Zapna also provides a full white
label platform service for carrier partners, including voice and SMS

Zapna is providing services in several European countries
including Sweden, Finland and Spain. Many of Zapna’s solutions for telephony
services are suited to VoIP and other data services provided by VelaTel and
other broadband operators.

Zapna’s 2011 revenues exceeded $1 million with
approximately $110,000 positive EBITDA.

Based on additional contracts already in hand, Zapna
expects substantial increased revenue during 2012, even before taking into
account expected synergies based on providing services to VelaTel’s other
operating subsidiaries and projects.

“We are very pleased to make Zapna part of the
VelaTel team. Zapna has innovative solutions and strategic relationships that
will provide many synergies with VelaTel’s current and planned
operations.” Zapna´s Founder, Omair Khan, added: “Being part of the
VelaTel family will give Zapna a huge opportunity to expand the business
worldwide, and to be part of a successful team,” said VelaTel’s President,
Colin Tay.

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.

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