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Telit Communications Expects Full Year Trading In Line With Expectations

Thu, 10th Oct 2013 07:45

LONDON (Alliance News) - Telit Communications PLC said Thursday that it expects full-year trading in line with market expectations, with revenues for the nine months ended September 30 up to USD171 million from USD150 million in the previous year.

The wireless technology company said that revenues for the nine months included USD4.8 million from its platform as a service offering m2mAIR, which has benefited from its recent acquisition of ILS Technology LLC.

Shares in Telit Communications were trading up 3% at 112.50 pence Thursday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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