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    TCM   GB00B06GM726


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Telit Communications : acquires new mobile core network NExT

05/26/2021 | 12:13pm EDT

Telit Communications PLC

Telit activates new mobile core network Telit NExT

London, 27 May 2021 - Telit Communications PLC ('Telit', AIM: TCM), is pleased to announce the launch of commercial operations of its new mobile core network, Telit NExT, enabling new and enhanced turnkey services that give enterprises, IoT service providers and other users access to over 600+ 2G, 3G and 4G networks in 190 countries.

The new IoT conceived core network is a key element in the expansion of Telit's cloud & connectivity offering and the latest example of Telit's commitment to providing the entire ecosystem with services and solutions that enable seamless, flexible, reliable connectivity.

Tomer Lavie, Head of Telit's Connectivity Business Unit, said: 'Reliable, secure, seamless, and cost-effective connectivity is the lifeblood of every commercial, industrial, and consumer IoT deployment. The state-of-the-art architecture of the Telit NExT network enables new business models for packaging and pricing services for enterprises, IoT service providers and others for quickly rolling out IoT deployments from a few to millions of devices. And once those deployments are launched and scaled, we provide easy-to-use tools to manage and secure devices, so that our network delivers the business and operating results that meet customers' parameters including speed, QoS, support and others.'

For more information on the Telit NExT offer, visit: https://www.telit.com/press-release/telit-network-provides-first-of-kind-cellular-connectivity-iot-access-to-600-2g-3g-and-4g-lte-networks-in-190-countries/


Telit Communications PLC

Paolo Dal Pino, Chief Executive Officer
Eyal Shefer, Chief Financial Officer

Tel: +44 203 289 3831
finnCap (Nomad and Broker)

Henrik Persson/ Giles Rolls (corporate finance)
Tim Redfern / Richard Chambers (ECM)

Tel: +44 20 7220 0500

Robin Haddrill/ Cornelia Schnepf

Tel: +44 20 7631 8618
Email: telit@finelk.eu

About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, software platforms and global IoT connectivity services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally. With over two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end-to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling them to simplify, connect and manage IoT at any scale.

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Copyright © 2021 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.


Telit Communications plc published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 16:12:01 UTC.

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Financials (USD)
Sales 2021 383 M - -
Net income 2021 17,1 M - -
Net Debt 2021 - - -
P/E ratio 2021 24,4x
Yield 2021 -
Capitalization 416 M 416 M -
Capi. / Sales 2021 1,09x
EV / Sales 2022
Nbr of Employees 820
Free-Float 47,8%
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Managers and Directors
Paolo dal Pino Chief Executive Officer & Executive Director
Eyal Shefer Chief Financial Officer & Executive Director
Simon Patrick Duffy Independent Non-Executive Chairman
Antonino Sgroi Head-Global Research & Development
Yamit Sela Chief Information Officer