VelaTel’s vision for its already cash flow positive ($1-2 million forecast in 2013) Hong Kong based subsidiary China Motion is to become the 9 SIM chips-in-one super-duper “world phone” for mainland Chinese (PRC) and Hong Kong business and consumer travelers.

Fuel Cell Today has been a leading source of market-based intelligence on the fuel cell industry since 2001. They cover key trends and developments in the fuel cell industry while providing objective and unbiased reportage to equip decision-makers in the industry with relevant and useful information.

And they are RIGHT on the mark when it comes to their analysis of why fuel cell backup power is the ONLY real solution for providing dependable power outage and brown out solutions to the mobile telecom industry is countries like China and India with serious power grid problems.

Background: This PDF from VelaTel (VELA) tells a lot of the background story for VelaTel’s 75% owned VN Tech subsidiary which is the leading provider in China for fuel cell (aka green energy) back-up power systems for 4G LTE base stations.

Last week at the Roth Capital conference I had a chance to hear VelaTel CEO George Alvarez expelling in detail the strategic "pivot" that Velatel has made to Mobile Virtual Network Operator in Asia with their amazing China Motion acquisition.

I have a very direct conversation with Mr. Alvarez…and one of the news items we will report is VelaTel has asked our sister company NBT Capital Markets to get back to the work of providing shareholder acquisition and retention services to VELA.

TelecomAsia.net is reporting China's ICT ministry could approve applications from several local companies to operate as MVNOs by as early as May, as part of its plan to open the nation's telecom sector to more private investment. The Ministry of Industry and Information Technology (MIIT) has told Chinese media that it will give the green light as soon as May, according to Shanghai Daily. 

VelaTel’s vision for its already cash flow positive ($1-2 million forecast in 2013) Hong Kong based subsidiary China Motion is to become the 9 SIM chips-in-one super-duper “world phone” for mainland Chinese (PRC) and Hong Kong business and consumer travelers.