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Market: AIM
52-week High/Low: 379.00p / 100.25p
Sector: Technology Hardware & Equipment
Market Cap: 210.41M
Telit Communications Plc

Telit Communications Plc

Telit (AIM: TCM), is the global leader in Internet of Things (IoT) enablement. The company offers the industry’s broadest portfolio of integrated products and services for end-to-end IoT deployments – including cellular communication modules in all technologies, GNSS, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes...

Telit Communications Plc

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Telit Communications Plc Snapshot


The Telit Quality mission is to provide from engineering, manufacturing and sales products and services that are the best in every conceivable dimension that impacts customer experience and satisfaction. For us, quality is a continuous commitment that we honor in all stages of our product life cycles.

This mission is achieved with:

  • R&D knowledge and expertise
  • Efficiency in operations with EMS contract manufacturers
  • Sales and customer service performance


Our products and services are about connecting things anywhere to the Cloud, apps and enterprise systems seamlessly and easily; reducing time-to-market and risk while enhancing technical and business performance of the overall solution.


Telit enables IoT solutions with IoT modules. The module is an electronic component that you design into the electronics of your device to give it the ability to send and receive data over cellular networks or non-cellular networks such as ZigBee and Sigfox. GNSS modules make the device position aware. We design and manufacture these modules and provide you with a network of support offices and partners to help you integrate them into your devices and get them certified to operate in your markets saving you time and money.

IoT Services That Enable Your Services

Once your devices have the hardware to connect to cellular networks, they require a series of services from provisioning onto the mobile network to managing subscriptions and rate plans to collecting, moving, storing and integrating service data through the cloud and into apps and systems.Telit’s unique approach delivers versatile rate plans from Telit IoT Connectivity and a comprehensive set of services from a single platform we call the Telit IoT Portal. The Portal scales with your deployment from a few to millions of devices with 24/7 proactive support that keeps a constant watchful eye on your deployment of devices to make sure they are all operating optimally in technical and business terms.

Yosi Fait - Interim CEO
Member of the Board of Directors

Mr. Fait is a Certified Public Accountant and has held a number of executive positions with private and public companies. Yosi's previous roles with listed companies have included CEO of both Alony Group and H&O. Yosi also served as CFO of Pelephone Communications Ltd, the first cellular operator in Israel. Yosi began his professional career as an accountant with Ernst & Young Israel.


Alon Segal - Chief Technology Officer

Alon Segal is Chief Technology Officer of Telit. He is responsible for the technology roadmap and product strategy. He is a visionary technologist and Entrepreneur with global work experience. Throughout his career he has held senior technical roles that contributed to business growth and leading edge innovation. Prior to joining Telit Alon  was the Chief Product Officer and co-founder of Zoeticx, a ground breaking SaaS middleware solution that  turns healthcare IT into an active environment, where patient medical information reaches out for providers’ attention.

Alon served as Vice President of Portfolio Product Management at Amdocs (NYSE:DOX)  a $3B Telecom billing giant where he was responsible for the overall product portfolio roadmap and alignment. He was founder and CEO at Telespree Communications, a leading enabler of cloud-based wireless data services (Acquired by Evolving Systems). Prior to Telespree, Alon worked at Electronics For Imaging (NSADAQ:EFII) as a General Manager for Production Printing Systems, EFI's most profitable business unit. Alon has authored and been granted multiple patents, and his industry efforts have been recognized throughout his career as a recipient of numerous awards. Alon received an MBA in Finance and Operations Research from Tel Aviv University and a B.Cs Cum Laude from Technion (Israel Institute of Technology).


Yossi Moscovitz - Chief Executive Officer, Automotive Solutions

Mr. Yossi Moscovitz has been Chief Executive Officer of Automotive Solutions at Telit Communications PLC since March 25, 2016. He previously served as President of Telit Wireless Solutions for Telit Communications PLC. Mr. Moscovitz also served as Chief operating Officer and Head of the Data Products Business Division at Dai Italy for Telit Communications PLC.

Prior to working for Dai Italy, he was responsible for the management of the Data Products activity of Dai Israel. Before joining Dai Israel he was the Chief Executive Officer of Cell Data Ltd., an Israeli company engaged in the development and sales of data products utilising CDMA technology and the Chief Executive Officer of Microkim, an Israeli company operating in the field of wireless communications.

He holds a B.Sc.EE from the Technion, Israel's leading technological institute.


Yariv Dafna - Executive Vice President Corporate Development & Chief Operation Officer

In July 2012, Mr. Dafna took the position of Corporate Business Development including responsibility for all the M&A activities in the Telit Group.

Mr. Dafna has held the position of group CFO from February 2007 to July 2011 after he was actively involved in 2006 in the purchase of the M2M division of Bellwave (currently named Telit APAC) and the set-up of Telit Americas. From 2003 to 2005, he was a financial manager at Dai Telecom Ltd and took an active role in Telit's IPO on AIM in 2005 and in the fundraisings that the company undertook since then. Mr. Dafna holds a BA in Business Administration and Accounting from the College of Management Academic Studies (Rishon LeZion, Israel), MBA from the Tel-Aviv University and he is a certified Public Accountant. Mr. Dafna began his professional career as an accountant at Deloitte Israel.


Eran Edri - Chief Financial Officer

Mr. Edri is CFO of Telit since July 2012. He joined Telit in 2008 as CFO EMEA and North America. Prior to Joining Telit, Mr. Edri served for 8 years as Finance director and CFO in Vigilant technology Ltd., AIM listed company specialized on Intelligent IP Surveillance and Security Solutions and lead the company to a successful IPO in 2005. Prior to this Mr. Edri served as a controller, in Harel Group, a dynamic investment company traded on Tel-Aviv Stock Exchange.

Mr. Edri holds a LL.M from Bar Ilan University and B.A. in Economics & Accounting with distinction from Ben Gurion University and is a certified Public Accountant. Mr. Edri began his Career as an accountant at BDO, Ziv & Haft firm.


Carlos Perez - Executive Vice President
Global Sales

Carlos Perez joined Telit as Regional Sales Director for Iberia in July 2005. Since then he has held different positions in the sales department managing Southern America, France and Western Europe prior to be appointed as VP Sales Europe.

Carlos earned his degree in Telecommunications Engineering in 1996 at Universidad Politécnica of Madrid, and right after he joined Diode, one of largest Spanish distributors for electronic and computing components where he held different positions before managing the Electronic Business Unit. During his time in Diode he started the wireless department and signed distribution agreement with Wavecom.
During 2002 and 2003 he attended an executive MBA program at IE (Instituto de Empresa) in Madrid.


Shawn Reynolds - Chief Marketing Officer

Shawn is responsible for directing Telit’s global marketing strategy, managing brand awareness and reputation and development of global programs that drive the success of the company’s products and services.  

Before joining Telit, Shawn was Global Vice President at SAP responsible for leading IoT marketing. He was instrumental in the development of the SAP IoT strategy, which led the company to invest over 2B euro in IoT. During his time at SAP, Shawn held multiple leadership roles within SAP. He played a significant role in the development of the SAP Cloud business, was a member of the SAP Cloud leadership team, and supported the merge of SAP and SuccessFactors, SAP’s $3.4B acquisition. Before joining SAP, he held global leadership positions in the software industry developing markets in the United States, EMEA, and BRIC.  

Shawn has over 20 years of experience leading large enterprise and entrepreneurial companies to new markets.  He is a member of multiple venture capital associations, and advises early stage technology companies.


Michael Galai - Chief Legal Officer & Company Secretary

Mr. Galai returned to Telit in May 2014 after serving as the company’s general counsel and company secretary from 2006 to 2011. From 2012 until his return to the company, Mr. Galai served as a director and consultant for several companies on matters related mainly to M&A and capital markets. From 2004 to 2006 he was General Counsel at Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA) where he took an active part in a secondary offering to the public and the company's sale to VeriFone Holdings, Inc. (NYSE: PAY). Before joining Lipman, Mr. Galai was an associate with Goldfarb, Seligman, an Israeli full-service law practice that serves a wide range of Israeli and foreign clients, with special emphasis on international transactions, financing, securities, mergers and acquisitions and related activities. Mr. Galai also spent six years in the Israel Securities Authority, holding a variety of positions, including spokesperson. He has an MBA (Major in Finance), and an L.L.B from the Tel Aviv University School of Law and is a member of the Israel Bar. Mr. Galai serves on the board of directors of Analyst Investment House, listed on the Tel Aviv Stock Exchange and of Analyst Provident Funds, an Israeli institutional investor.


Fred Yentz - Chief Executive Officer
Telit IoT Platforms

Fred Yentz joined ILS Technology, a Telit company, as senior vice president and chief operating officer in January 2007, bringing with him more than 20 years industry experience in the technology solution market. Prior to ILS Technology, Fred Yentz served as Vice President and General Manager of RadiSys Corporation, a leading provider of embedded solutions for the telecommunications, enterprise data, medical equipment and the industrial automation marketplaces. While at RadiSys Corporation, Fred served in many capacities including the oversight of World Wide Sales, Marketing, Professional Service, and Business Development in addition to General Manager of Enterprise, Communication and Commercial operating divisions. Fred also worked for IBM where he held various positions with responsibility for Engineering, New Business Development and Management.

Mr. Yentz is named as an inventor on two U.S. patents and has received IBM’s First Level Plateau Invention Achievement Award. He currently serves on the Board of Directors of the Telecommunications Industry Association (TIA), National Science and Technology Education Program (NSTEP), and is chairman of the Industry Advisory Board for Florida Atlantic University's College of Engineering. Mr. Yentz holds a Bachelor of Science in Electrical Engineering from Michigan Technological University (1988), a Master of Business Administration (1996) from the University of Miami, and a Master of Science in Computer Information Systems (1997) from the University of Miami.


For more information on the Senior Management team, please click here

For information on the Board of Directors, please click here


Significant shareholders (3% and more) as at 7 July, 2017:

Shareholder No. of Shares Percentage

Oozi Cats¹



Allianz Global Investment Europe²



(1) No. of shares for Oozi Cats comprised of: (i) personally held (8,533,470), (ii) Boost B.V. (7,800,000), a company fully owned by Mr. Cats. 

(2) Number of shares as at 30 June 2017. 


Registered address:

Telit, 7th Floor

90 High Holborn





Telit Communications S.p.A.

Via Stazione di Prosecco, 5/B

I - 34010 Sgonico (Trieste), Italy


General Administration

Tel. +39 040 4192 111

Fax +39 040 4192 333


Sales, Technical Support & Marketing

Tel. +39 040 4192 200

Fax +39 040 4192 289

[email protected]


North America

Telit Wireless Solutions Inc.

3131 RDU Center Drive, Suite 135

Morrisville, NC 27560, USA

Tel. +1 888 846 9773 or +1 919 439 7977

Fax +1 888 846 9774 or +1 919 840 0337

[email protected]


Latin America

Telit Wireless Solutions do Brasil

Rua Cunha Gago, 700 - cj 81


São Paulo - SP, 05421001, Brazil

Tel. +55 11 2679 4654

Fax +55 11 3031 5051

[email protected]



Telit Wireless Solutions Co., Ltd.

12th Fl., Shinyoung Securities Bld.

34-12, Yeouido-dong, Yeongdeungpo-gu

Seoul, 150-884, Korea

Tel. +82 2 368 4600

Fax +82 2 368 4606

[email protected]

Canaccord Genuity Limited
88 Wood Street

Berenberg Bank
60 Threadneedle Street

7th Floor, 90 High Holborn

Ernst & Young LLP
1 More London Place

Capita Asset Services
40 Dukes Place

Telit Communications Plc Timeline

February 22 2018
February 22 2018
February 14 2018
February 14 2018
February 12 2018
February 05 2018
February 02 2018
February 01 2018

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