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Telit

12 stories about Telit

China’s TUS Completes Acquisition of Telit’s Automotive Unit
04.03.19|CTechThe $105 million deal includes a $67.5 million cash transaction as well as a short-term vendor loan of $38.5 million, to be paid within six weeks
Telit Announces Delay in Sale of Automotive Division to TUS
12.12.18|CTechTelit also announced its 2018 revenues outlook to be at between $415 million and $425 million
Telit Sells Automotive Unit to China’s TUS International for $105 Million
13.07.18|Asaf ShalevThe company said that the sale would allow the company to reduce its debt and focus on its core business of making communication components for industrial machines
Telit Facing Lawsuit From Liquidators of Former Business Partner
11.07.18|Asaf ShalevThe maker of wireless chips says it cannot yet determine the possible impact on the company’s financials
Telit Shareholders Vote Against Re-Election of Chairman and Two Directors
26.06.18|Dror Reich and Golan HazaniIn March, a U.K. watchdog launched an investigation into Telit regarding the timing of announcements included in its August interim results
CTech’s Wednesday Roundup of Israeli Tech News
28.03.18|CTechVerint considering IPO for one of its business units, Israeli marijuana companies look to the stock market, Black Cube accused of Nigeria election meddling
U.K. Regulator Launches Investigation Into Israel-Linked Chipmaker Telit Communications
28.03.18|Dror ReichTelit has been under scrutiny since it ousted CEO Oozi Cats in August amidst probes into a 25-year-old fraud charges in the U.S.
Italy Takes Fight over Telit’s Taxes to Supreme Court
15.01.18|Lilach BaumerThe Italian tax authorities are appealing a previous court decision received in favor of the Israel-based chipmaker's Italian subsidiary
Telit and PST Electronics Announce Strategic Partnership
11.01.18|Amarelle WenkertBrazil-based telematics company PST will use Telit’s IoT technology as it expands into new markets
Former Telit CEO Under Scrutiny by U.K. Regulators, Report Says
02.11.17|Meir OrbachThe U.K.’s Financial Conduct Authority has opened an inquiry into share sales by Oozi Cats, Sky News reports
Hong-Kong Investor Takes Position in Troubled Chip Company Telit
03.10.17|Dror ReichPrivate company Run Liang Tai Management limited bought 12.2% of Telit's shares between September 7 and 26, making it the company’s second biggest shareholder
Amidst Fraud Probe, Telit CEO Ousted, Stock Crashes
10.08.17|Dror Reich and Amir KurzFollowing reports concerning the alleged involvement of the company’s CEO in a fraud case, on Wednesday Telit's board announced he would take a leave of absence

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