VELA pickup..monitor as set to commence operations in E. European

Volume ramping (last mention 11:44am 0.0349 0.0039 12.58% 5,314,833 )  plus fact it's staying close to intraday highs, suggesting possible/probable for extending.....Debate for second day turnaround to .04..s

 

Volume:	10,946,221
Avg Vol (3m):	4,979,490

 

Recall recent acquisitions set to commence this spring

 

http://www.blogger.com/

 The transaction is expected to close in February 2012, in order to allow sufficient time for VelaTel's auditors to conduct the work needed to report the financial results

....In exchange for its 51% equity stake, VelaTel will contribute CAPEX and OPEX necessary to continue Verat's existing operations and to upgrade Verat's existing WBA infrastructure equipment with higher capacity equipment, which will more than double the subscriber capacity of Verat's WBA network and allow Verat to add new wireless customers. The equipment, which has been already manufactured by ZTE, will be part of the existing strategic agreement that VelaTel has in place with ZTE. Based on an estimated equipment delivery date during March 2012....

 

VelaTel and ZTE Sign Purchase Order for Wireless Broadband Infrastructure in Croatia and MontenegroBusiness Wire(Mon, Dec 12)

 

 

Also, report below details strong forecast:

http://www.nbtequitiesresearch.com/company/velatel-vela