0
Wireless

Telit updates on sale of automotive unit, restructure, trading outlook

Tuesday 11 December 2018 | 20:11 CET | News
Global IoT enabler Telit Communications has issued an update on the sale of its automotive division to TUS International, announced in July, as well on trading for the year to 31 December 2018 and plans to reduce the group's cost base by around USD 10 million in 2019.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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

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 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 sees further delay in sale of automotive unit

Published 21 Feb 2019 16:03 CET | World
Telit Communications announced another delay in the planned sale of its automotive division. The buyer is still completing ...

Telit introduces OneEdge programme

Published 18 Feb 2019 15:10 CET | World
Telit said OneEdge solves long-standing challenges related to integration, scalability, management and costs that product ...

Telit expects sale of automotive division to complete in Ferbruary

Published 01 Feb 2019 14:46 CET | World
Global Internet of Things (IoT) enable Telit Communications has issued an update on the sale of its automotive division, which ...

Telit expects revenues up 14% to USD 427 mln for FY

Published 15 Jan 2019 10:29 CET | World
In a trading update for the year to end December 2018, Telit Communications said it sees revenues at the top end of its guidance, ...

Telit releases new GNSS IoT module with GSM/GPRS

Published 06 Nov 2018 14:37 CET | World
Telit announced what it calls the first IoT module with GSM/GPRS, multi-constellation satellite positioning and Bluetooth ...

Telit introduces smaller IoT form factor module family

Published 15 Oct 2018 10:10 CET | World
Telit announced the xE310 family of miniature IoT modules with initial models planned in LTE-M, NB-IoT and European 2G. The ...

China Unicom adopts Telit's deviceWISE IoT Platform

Published 11 Oct 2018 15:32 CET | China
Internet of Things enabler Telit has won a contract from China Unicom IoT. The Chinese company will use Telit's deviceWISE IoT ...

Telit selected by China Unicom IoT to accelerate IIoT

Published 11 Oct 2018 11:33 CET | China
Telit entered into a contract with China Unicom IoT under which the Chinese firm will use Telit's deviceWise IoT platform to ...

Telit, Wind River provide industrial IoT users with edge-to-cloud platform

Published 25 Sep 2018 11:30 CET | World
Telit expanded its partnership with Wind River to accelerate industrial IoT (IIoT) adoption. Telit's cloud-hosted IoT Platform, ...

Telit brings in new non-exec directors as CEO Fait departs

Published 21 Sep 2018 09:15 CET | World
Yosi Fait will be stepping down as CEO and director of Telit Communications with immediate effect after reaching an agreement ...

Telit, AT&T to help first responders understand mobile technology options

Published 10 Sep 2018 10:08 CET | United States
Telit announced its participation in two upcoming events with AT&T to help public safety agencies exploring FirstNet services ...

Telit lifts revenues, reduces debt in H1

Published 04 Sep 2018 11:21 CET | World
Telit has come out with its results for the first half, confirming forecasts by reporting revenues of USD 201 million, supported ...

Telit names Dal Pino as non-executive chairman

Published 14 Aug 2018 13:37 CET | World
Telit Communications announced the appointment of Paolo Dal Pino as independent, non-executive chairman, with effect from 1 ...

Telit sells automotive division for USD 105 mln to China's TUS

Published 13 Jul 2018 08:56 CET | World
Telit Communications has announced the sale of its automotive division for USD 105 million for USD 105 million, subject to ...

Telit expects higher revenues, lower debt in H1

Published 11 Jul 2018 09:19 CET | World
In a trading update for the first half of this year, Telit Communications said it expects revenues to hit USD 201 million, an ...





Calendar   /   Industry Events

23 Jul Calix Q2 2019
23 Jul Iridium Q2 2019
23 Jul Snap Q2 2019
23 Jul AudioCodes Q2 2019
23 Jul Megacable Q2 2019
23 Jul Vodafone AGM
24 Jul Telekom Slovenije Q2 2019
24 Jul Orange Poland Q2 2019
24 Jul AT&T Q2 2019
24 Jul Netgear Q2 2019
24 Jul F5 Networks fiscal Q3
24 Jul Mellanox Technologies Q2 2019
24 Jul Altigen Communications fiscal Q3
24 Jul Facebook Q2 2019
24 Jul Line Q2 2019
24 Jul Orange Belgium Q2 2019
24 Jul KPN Q2 2019
24 Jul Telefonica Deutschland Q2 2019
24 Jul Technicolor H1 results
25 Jul Comcast Q2 2019
25 Jul Juniper Networks Q2 2019
25 Jul Orange Q2 2019
25 Jul Alphabet Q2 2019
25 Jul Verisign Q2 2019
25 Jul STMicroelectronics Q2 2019
25 Jul Amazon Q2 2019
25 Jul Smith Micro Q2 2019
25 Jul Telefonica Q2 2019
25 Jul Nokia Q2 2019
25 Jul Intel Q2 2019
::: More Calendar Items