8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934

February 23, 2012

Date of Report (date of Earliest Event Reported)

VELATEL GLOBAL COMMUNICATIONS, INC.

(Exact Name of Registrant as Specified in its Charter)

NEVADA	000-52095	98-0489800
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File No.)	(I.R.S. Employer Identification No.)

12526 High Bluff Drive, Suite 155, San Diego, CA 92130

 (Address of principal executive offices and zip code)

(760) 230-8986

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Correction of Erroneous Date

The original Form 8-K that is amended by this Form 8-K/A was filed February 29, 2012 and refers in error to a Date of Report for the date of first event reported as February 23, 2011.  This was a typographic error and the correct Date of Report should have been February 23, 2012.

Item 8.01       Other Events

On February 28, 2012, the Company published on its website, at www.velatel.com, a letter from its Chief Executive Officer explaining the events disclosed in this Form 8-K, along with the reasons for the occurrence of those events.  On March 2, 2012, the Company revised the letter published on its website to remove the following sentence in the second paragraph of the letter:

We have received SEC approval of our Preliminary Information Statement and will be mailing notice of our increase in the number of our shares to shareholders of record.

It was an incorrect to state that the Company “received SEC approval.”  Under regulations applicable to Information Statements, a registrant first files a Preliminary Information Statement.  If no comment letter is received from the SEC within 10 days of the filing of the Preliminary Information Statement, the registrant may file a Definitive Information Statement and mail it to all shareholders as of the record date.  The action described in the Information Statement becomes effective 20 days after completion of mailing of the Definitive Information Statement.  The Company did not receive a comment letter from the SEC and is therefore proceeding with the additional steps described above.

A complete copy of the revised letter is attached to this Form 8-K/A as Exhibit 99.1.

Item 9.01        Exhibits

99.1 Letter from Chief Executive Officer published on Company’s website.

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  March 2, 2012

VelaTel Global Communications, Inc.,

By: /s/George Alvarez

Name: George Alvarez

Title: Chief Executive Officer

EX-99.1

Exhibit 99.1

12526 High Bluff Drive, Suite 155

San Diego, CA  92130

February 29, 2012

To VelaTel Shareholders

Dear Shareholders:

VelaTel is today announcing several events that secure the 2012 budget needs for our current projects.  We have secured approximately $7.7 million of cash funding commitments under promissory notes from investors.  Our U.S. based independent contractors (former employees) have agreed to accept up to 100% of their remaining 2012 compensation in the form of our stock, saving us approximately $4.3 million in cash over the course of the year.  This allows us to devote more of the working capital we have raised towards launching and expanding our networks.

Ten days ago we started the process to increase the authorized shares of our public stock from one billion to two billion.  The process will be complete in approximately three weeks, when we file a Certificate of Amendment to our Articles of Incorporation.  We will use those shares, in combination with our cash financing commitments, to expand our networks and grow our subscriber base and revenue in accordance with our pro formas previously disclosed.  We need to spend money on infrastructure in order to obtain those increased revenues.  Fortunately, we are able to leverage a lot of equipment and services for relatively little money in down payment deposits, thanks to our favorable financing relationship with ZTE and our membership in the Global TD-LTE Initiative.

Summarized below and on the accompanying graphics timeline are the major milestones we expect to achieve during 2012.  The approximate target dates and sequence of those milestones (our lawyers insist that I include a standard safe harbor disclaimer at the end of this letter, as these estimates are “forward looking”) are as follows:

February	●	China’s Ministry of Industry and Information Technology grants approval of VN Tech’s hydrogen fuel cells for use in telecommunications base stations.
March	●	Close the Croatia/Montenegro acquisition.
	●	Finalize ZTE contracts for all equipment and services for Croatia and Montenegro as well as for Serbia.
	●	Finalize ZTE’s requirements for financing equipment for the Sino Crossings fiber project and place the equipment order.
	●	Finalize the wholly foreign owned enterprise (WFOE) that will act as the operating company for the New Generation Special Network (NGSN) transaction.
	●	Finalize the service agreement between our existing WFOE and Aerostrong for the China Aerospace (CASC) transaction.
	●	China Mobile and China Telecom approve VN Tech to conduct trial test sites in Heilongjiang/Harbin (China Mobile), Guangzhou and Beijing (China Telecom).
	●	File the 2011 10-K annual report.

VelaTel Shareholders

February 29, 2012

Page 2

April	●	Close the Serbia acquisition.
	●	When NGSN and CASC obtain spectrum licenses, VelaTel places the equipment orders with ZTE for both projects.
May	●	Equipment arrives for Croatia, Montenegro and Serbia and installation begins.
	●	File the 2012 Q1 10-Q quarterly report, which will include revenue from subscriber ramp up in Peru, as well as legacy revenue from the consolidation of Croatia’s existing operations (pro-rated as of the closing date of our acquisition).
June	●	Continue installing equipment for Croatia, Montenegro and Serbia.
	●	Equipment arrives for Sino Crossings, begin installation.
July	●	Complete installation for Croatia, Montenegro and Serbia and begin optimization and testing.
	●	Continue installation of Sino Crossings fiber equipment.
	●	Equipment arrives for NGSN and CASC projects and installation begins.
	●	Assuming successful trial tests, China Mobile and China Telecom place orders with VN Tech for hydrogen fuel cells.
August	●	Complete optimization and testing of Croatia, Montenegro and Serbia network, open stores and launch marketing campaign.
	●	Complete installation of Sino Crossings fiber equipment, begin optimization and testing.
	●	Continue installation of NGSN and CASC equipment.
	●	Manufacture of hydrogen fuel cells to fill China Mobile and China Telecom orders.
	●	File the 2012 Q2 10-Q quarterly report, which will include revenue for continued ramp up of Peru operations, plus a full quarter of legacy revenue from consolidation of Croatia operations, and most or all of a full quarter for Serbia operations.

VelaTel Shareholders

February 29, 2012

Page 3

September	●	Launch Croatia, Montenegro and Serbia networks.
	●	Complete optimization and testing of Sino Crossings fiber equipment.
	●	Complete installation of NGSN and CASC equipment and begin optimization and testing.
	●	Continue manufacture of hydrogen fuel cells to fill China Mobile and China Telecom orders.
October	●	Launch Sino Crossings fiber network.
	●	Complete optimization and testing of NGSN and CASC network.
	●	Deliver hydrogen fuel cells to fill China Mobile and China Telecom orders.
November	●	Launch NGSN and CASC networks.
	●	File 2012 Q3 10-Q quarterly report, which will include any revenue realized prior to end of Q3 (September 30) for new networks launched by then.
December	●	Operate seven networks, Peru, Croatia, Montenegro, Serbia, Sino Crossings, NGSN and CASC.

Although we are confident we can deliver these projects within existing budgets and resources, we also expect to raise additional funds through a recapitalization of the company’s equity structure.  Our primary focus during 2012 will be on expanding our networks by adding infrastructure and growing subscriber base in all markets.  By meeting our targets, the enterprise value of the company, as reflected by the stock price, will take care of itself.

Sincerely,

VelaTel Global Communications, Inc.

/s/ George Alvarez

George Alvarez

Chief Executive Officer

Safe Harbor Statement

This letter 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.  You should independently investigate and fully understand all risks before making an investment decision.