Key Developments: Telit Communications PLC (TELT.L)

TELT.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Telit Communications Plc gives FY 2014 revenue guidance to be in line with market expectations
Friday, 17 Oct 2014 02:00am EDT 

Telit Communications Plc:Expects FY 2014 revenues to be in line with market expectations which will represent a year over year growth rate of about 25 pct.Reported revenue of $243.22 mln.FY 2014 revenue of $306.28 mln - Thomson Reuters I/B/E/S.  Full Article

Telit Communications does not declare interim dividend
Monday, 15 Sep 2014 02:01am EDT 

Telit Communications PLC:Says no interim dividend has been declared/recommended for the period ended June 30.  Full Article

Telit Communications Plc gives H1 2014 revenue guidance
Thursday, 10 Jul 2014 02:00am EDT 

Telit Communications Plc:Expects that its revenues for H1 2014 will be about $138 million.  Full Article

Telit Communications Plc prices senior unsecured bonds
Monday, 28 Apr 2014 02:52am EDT 

Telit Communications Plc:Says Banglalink Digital Communications Limited (banglalink), its wholly owned Bangladeshi subsidiary, has priced fiver $300 mln 625% notes.Notes will be due May 2019.Notes will have a re-offer price of 99.008 pct with a yield to maturity of 8.875 pct.Transaction is expected to close on May 6, 2014.  Full Article

Telit Communications Plc updates on the acquisition of NXP Semiconductors N.V's automotive telematics onboard unit platform
Monday, 24 Mar 2014 03:00am EDT 

Telit Communications Plc:As previously announced by the company, Telit Wireless Solutions Srl, a subsidiary of the company, entered on Dec. 22, 2013 into an agreement, with NXP B.V., a subsidiary of NXP Semiconductors N.V. to purchase NXP's ATOP business.Says closing conditions for completion of the acquisition have been fulfilled.Closing is expected to occur on March 31.  Full Article

Telit Communications PLC does not proposes dividend
Monday, 17 Mar 2014 03:00am EDT 

Telit Communications PLC:Says it is not proposing to pay a dividend in respect of the period ended Dec. 31, 2013 (2012: $ nil).  Full Article

Telit Communications PLC gives FY 2013 revenue above analysts' estimates; gives Q4 2013 revenue guidance
Monday, 13 Jan 2014 02:05am EST 

Telit Communications PLC:Sees Q4 2013 revenues to be about $72.5 million.Sees FY 2013 revenues to be about $243.5 million.FY 2013 revenues of $240 million - Thomson Reuters I/B/E/S Estimates.  Full Article

Telit Communications Plc's subsidiary enters into agreement with NXP Semiconductors N.V.'s NXP B.V to purchase ATOP business
Monday, 23 Dec 2013 02:00am EST 

Telit Communications Plc:Says a subsidiary enters into an agreement with NXP B.V., a fully owned subsidiary of NXP Semiconductors N.V. to purchase NXP's ATOP business.The consideration payable is $9 million to be settled by about $2 million in cash and up to 3,300,000 Telit shares.The transaction is expected to be closed during the first quarter of 2014.  Full Article

Telit Communications Plc Announces Change Of Auditor
Friday, 15 Nov 2013 08:04am EST 

Telit Communications Plc announced the appointment of Ernst & Young LLP as its auditors with effect from November 15, 2013. KPMG LLP (KPMG) has resigned as the Company's auditors and confirms that there are no issues relating to their ceasing to hold office which should be brought to the attention of shareholders or creditors.  Full Article

Telit Communications Plc Does Not Declare Interim Dividend
Monday, 9 Sep 2013 02:00am EDT 

Telit Communications Plc announced that the Directors have not declared an interim dividend for the six months ended June 30, 2013.  Full Article

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