0
Wireless

Telit lifts results in FY, sees continued improvements in 2020

Tuesday 17 March 2020 | 10:48 CET | News
Telit Communications reported mainly better results for full year 2019, boosted by the sale of its automotive business in February for USD 105 million and driven by IoT Cloud and connectivity revenues.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Telit Communications
Countries: World
::: add a comment
This article is part of dossier

Coronavirus

,

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telit attracts takeover interest from Lantronix, DBAY Advisors

Published 03 Nov 2020 10:52 CET | World
Telit Communications said it has received a takeover offer from Lantronix, a producer of IoT products and services. The offer was ...

Telit reports higher EBITDA in H1, revenues fall over 7%

Published 18 Aug 2020 10:35 CET | World
Telit Communications has reported its results for the first half, with revenues pulled down by the covid-19 pandemic. ...

Telit appoints China Fusion Capital CEO as non-executive director

Published 25 Jun 2020 11:33 CET | World
Telit Communications appointed Yuxiang Yang as a Non-Executive Director with immediate effect. Yang brings considerable ...

Telit ME310G1-W2 enables 450 MHz LTE IoT apps

Published 27 May 2020 10:06 CET | World
Telit announced the ME310G1-W2, what it calls the world's smallest LTE-M/NB-IoT module for use in the 450 MHz band. Designed for ...

Telit provides 5G data card for IDY enterprise gateway

Published 21 May 2020 09:23 CET | World
Telit announced that IDY selected the FN980m 5G data card module for the new IDY 5G iR730B enterprise edge gateway platform. ...

Telit still sees FY revenue growth, starts cost cutting to offset Covid-19 impact

Published 15 Apr 2020 12:47 CET | World
Telit Communications announced it still expects to grow revenues this year and meet market expectations for profits, thanks in ...

Telit reiterates expectations for 2019, with little impact from coronavirus

Published 06 Mar 2020 15:53 CET | World
Telit Communications said it continues to see minimal impact on production from the coronavirus (covid-19) epidemic, and that it ...

Telit releases Bravo evaluation kit for creating, deploying IoT products

Published 20 Feb 2020 08:43 CET | World
Telit announced Bravo, an evaluation kit for rapidly creating and deploying a wide variety of IoT products, including drones, ...

Telit grows underlying sales 8% in 2019, EBITDA higher

Published 14 Jan 2020 08:49 CET | World
Telit Communications said it expects to report revenues of USD 391 million for 2019, down from USD 427.5 million the previous ...

Telit reports revenues up 7.8% in 9-mths, new low power wide area modules

Published 12 Nov 2019 09:04 CET | World
Global IoT enabler Telit Communications said revenues for the first nine months of the year rose 7.8 percent from the year before ...

Telit launches first industrial grade 5G M.2 data card

Published 31 Oct 2019 09:35 CET | World
Telit announced the commercial availability of its industrial-grade 5G data card, the FN980m. The announcement comes soon after ...

Telit H1 revenue up 7.6%, returns to profit after sale of automotive unit

Published 10 Sep 2019 10:03 CET | World
Global IoT enabler Telit Communications has reported revenue of USD 180.3 million for 1st-half 2019, up 7.6 percent from USD ...

Telit lifts revenues from continuing ops by 7.2% to USD 179..5 mln in H1

Published 17 Jul 2019 14:56 CET | World
In a trading update, Telit said revenues for the the first half of the year from continuing operations lifted 7.2 percent from ...

Telit Communications, London Stock Exchange agree settlement terms

Published 01 Jul 2019 11:45 CET | World
Telit Communications agreed settlement terms with the London Stock Exchange for a public censure and fine of GBP 350,000 (waived ...

Telit releases new LTE-M, NB-IoT modules

Published 26 Jun 2019 08:57 CET | World
Telit announced the ME310G1 and ME910G1 modules, designed for mass-scale LTE-M and NB-IoT deployments that feature hundreds of ...

Telit settles first Italian tax dispute

Published 08 May 2019 11:07 CET | Italy
Telit Italia, the Italian subsidiary of M2M specialist Telit Communications, has announced the resolution of one of its pending ...

Telit joins CBRS Alliance to advance private LTE networks

Published 02 May 2019 08:48 CET | World
Telit joined the CBRS Alliance, an organisation focused on supporting the development, commercialisation and adoption of LTE and ...

Telit sees better future as FY revenues rise to USD 427.5 mln

Published 16 Apr 2019 11:36 CET | World
Adjusted EBITDA almost doubled, to USD 30.1 million from 18.1 million, while the loss before tax narrowed to USD 39.8 million a ...

Telit completes sale of automotive ops to China's TUS

Published 27 Feb 2019 13:53 CET | World
Telit Communications has finally closed the sale of its automotive division, after hitting a number of delays. Telit Automotive ...