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Wireless

Telit raises GBP 39 mln to fund acquisitions

Sunday 7 May 2017 | 16:16 CET | News
Internet of Things (IoT) specialist Telit Communications has raised GBP 39 million to fund several acquisitions, expected to take place in the near to medium term, mainly targeting opportunities in the IoT Services sector. The new capital was raised through a placing of 11.59 million ordinary shares. The new shares represent 10 percent of Telit's existing outstanding share capital.

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Telit Communications
Countries: United Kingdom / World
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