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Bill Ackman: "Israel needs support more than ever and I can help"

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Telit

12 stories about Telit

China’s TUS Completes Acquisition of Telit’s Automotive Unit

04.03.19|CTech

The $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|CTech

Telit 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 Shalev

The 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 Shalev

The maker of wireless chips says it cannot yet determine the possible impact on the company’s financials

מוסף מנהלים שלמה לירן מומו לירן מנכ"ל אבגול

Telit Shareholders Vote Against Re-Election of Chairman and Two Directors

26.06.18|Dror Reich and Golan Hazani

In 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|CTech

Verint 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 Reich

Telit 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 Baumer

The 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 Wenkert

Brazil-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 Orbach

The 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 Reich

Private 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 Kurz

Following 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