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September 23, 2011

VelaTel: 7,000 Peruvians Subscribe to GO MOVIL's 'Interested Customer List' To-Date
By Rahul Arora
TMCnet Contributor

VelaTel Global Communications, Inc., a holding company for Wi-MAX and LTE (News - Alert) (4G) network operators and wireless products and services, recently announced in a press release that over 7,000 residents of Peru have subscribed for GO MOVIL's "interested customer list" to-date.

Through GO MOVIL service, customers will be able to access information about the products they wish to buy. VelaTel has tested the product samples will deliver commercial units in the next 15 days. VelaTel expects to begin fulfilling these orders and turning them into subscriber revenues at this time.

"We are confident that the vast majority of our 'interested customers' will become GO MOVIL subscribers. GO MOVIL is signing on about 150 people per day between our five recently opened stores. At this pace, VelaTel expects to well-exceed its previously announced expectations to sign up 16,000 customers for the first full year of operations," said VelaTel CEO George Alvarez, in a statement.

Alvarez continued, "We look forward to filling our anticipated backlog of orders upon receiving our product shipment in the next 15 days. Assuming a monthly average revenue per subscriber of US$20, revenues from GO MOVIL could easily reach many millions of dollars in our first year of operations. Additional store openings could continue to accelerate our potential subscriber and revenue numbers in 2012."

Ryan Alvarez, VelaTel's Head of Marketing, said, "We have been working day and night to ensure the delivery of the most reliable, scalable and high-quality 4G network in Peru. It has been very rewarding to have people literally waiting in line -- some tens at a time -- to sign-up to receive a particular product or monthly service plan. Our store traffic has been primarily through word-of-mouth advertising. We may consider implementing a larger-scale customer outreach program in the near future to further boost sales at each store."

Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves


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