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December 14, 2011

VelaTel and ZTE Bag $4.757 Million Order
By Anuradha Shukla
TMCnet Contributor

VelaTel and ZTE (News - Alert) have signed a purchase order for wireless broadband infrastructure in Croatia and Montenegro. The total value of the order is about $4.757 million, which includes shipping charges and VAT.

Both companies -- ZTE and VelaTel Global Communications -- have signed a purchase order for 75 base transceiver stations (BTS), core equipment, other infrastructure and software, according to a release.

VelaTel will deploy all these for the first phase of its new wireless network projects in Croatia and Montenegro.

Headquartered in the People’s Republic of China (PRC), ZTE is an international telecommunications solutions provider and VelaTel Global Communications is a US-based company specializing in deploying and operating wireless broadband and telecommunication networks worldwide.

For this project, ZTE is responsible for configuring the equipment to the precise spectrum frequencies covered under the licenses of VelaTel’s new subsidiaries in Croatia and Montenegro.

This equipment is expected to be ready for shipment at the end of this month. ZTE notes that this equipment will clear customs in Croatia and Montenegro and be available for installation by 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,” said VelaTel’s COO, Mario Alvarez. “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.”

Read a related article at TMCnet: “ZTE Gears Up in Overseas TD-LTE (News - Alert) Market.”

Anuradha Shukla is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves


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