[December 12, 2011]

VelaTel and ZTE Sign Purchase Order for Wireless Broadband Infrastructure in Croatia and Montenegro

VelaTel Global Communications (VelaTel) (OTCQB: VELA), a US-based leader in deploying and operating wireless broadband and telecommunication networks worldwide, and ZTE (News - Alert) Corporation (ZTE) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading international telecommunications solutions provider headquartered in the People's Republic of China (PRC), today announced the signing of a purchase order for 75 base transceiver stations (BTS) plus the core equipment, other infrastructure and software VelaTel will deploy in connection with the first phase of its new wireless network projects in Croatia and Montenegro. The total value of the order is approximately $4.757 million, including shipping charges and VAT. ZTE is currently configuring the equipment to the precise spectrum frequencies covered under the licenses of VelaTel's new subsidiaries in Croatia and Montenegro. ZTE estimates the equipment will be ready for shipment that is tentatively scheduled for end of December 2011 and will clear customs in Croatia and Montenegro and be available for installation by approximately March 2012.

VelaTel's COO, Mario Alvarez, speaking from Zagreb, Croatia where he is overseeing pre-engineering and meeting with ZTE's local branch office to finalize a services contract, stated, "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. We appreciate ZTE's efforts to expedite this ordr and to identify where their local people can provide the services that will ensure a smooth deployment."

About VelaTel Global Communications, Inc.

VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. 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. VelaTel's administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.

About ZTE Corporation

ZTE is a leading global provider of telecommunications equipment and network solutions. Founded in 1985, ZTE Corporation has been listed as an A-share company on the Shenzhen Stock Exchange since 1997. In December 2004, ZTE was successfully listed on the Main Board of The Stock Exchange in Hong Kong, becoming the first Chinese company to hold both A shares and H shares. Currently, ZTE is the telecom equipment provider with the most market capitalization and revenue in China's A share market.

ZTE has the widest and most complete product range in the world covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to achieve continued revenue growth and to shape the future of the world's communications. Besides its established cooperation with top Chinese telecoms players including China Mobile (News - Alert), China Telecom and China Unicom in China, the company also has developed long-term partnerships with industry-leading operators including France Telecom (News - Alert), Vodafone, Telstra, Telefonica, among others.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

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