27th Jul 2010 07:00
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Commercial partnership with Orange Business Services
Telit Communications PLC (AIM: TCM), an international leader in wireless machine-to-machine (M2M) technology, is pleased to announce that its wholly owned subsidiary, Telit Wireless Solutions, has entered into an agreement with Orange Business Services, one of the leading corporate telecommunications operators, whereby Telit will distribute Orange Business Services' complete range of M2M solutions on the French market.
The partnership between Orange Business Services and Telit, an Italian specialist in the production of GSM/GPRS/3G modules for integrated M2M solutions, is an opportunity for two major players in the M2M market to collaborate and provide a machine-to-machine portfolio.
Telit will use the distribution channels which it already possesses to actively market Orange Business Services' data services. The partnership will bring both companies better market penetration and an increased use of their M2M solutions.
"The Telit brand enjoys an excellent reputation in France, and its global expertise in terms of M2M modules is the perfect addition to our portfolio," stated Luc Bretones, Director for Indirect Sales at Orange Business Services. "As a telecommunications operator this partnership gives us a unique opportunity to acquire new customer segments, and further increase the use of our M2M network."
Telit sees the agreement as a strategic expansion of its current business model. This is the first time the company will act as Orange Business Services' commercial partner. Telit will market Orange Business Services' machine-to-machine products and services by adding them to its own modules. The company expects that the partnership will have a positive effect on its distribution activities.
"Cooperating with Orange Business Services, the largest B2B telecommunications operator in France, is a strategic move forward for us in terms of expanding our M2M services portfolio. Orange has a reliable data network, as well as market dominance in terms of extremely high-speed broadband coverage, for which we can provide powerful modules to integrate all adapted wireless technology. This partnership is the ideal starting point for joint distribution activities," said Felix Marchal, Vice President Global Sales at Telit Communication PLC. "Nowadays M2M customers expect a company to provide a comprehensive range of services, including suitable modules and their associated network, which simplify industrial integration processes. Our partnership with Orange Business Services is the opportunity for us to completely satisfy their demands and further expand the range of services we provide."
About Orange
Orange is the key brand of France Telecom, one of the world's leading telecommunications operators. With 131.8 million customers, the Orange brand now covers Internet, television and mobile services in the majority of countries where the Group operates. At the end of 2009, France Telecom had consolidated sales of 50.9 billion euros, including its activities in the United Kingdom, and at Dec. 31, 2009, the Group had a customer base of almost 193 million customers in 32 countries. These include 132.6 million mobile customers and 13.5 million broadband Internet (ADSL) customers worldwide. Orange is the number three mobile operator and the number two provider of broadband Internet services in Europe and, under the brand Orange Business Services, is one of the world leaders in providing telecommunication services to multinational companies.
The Group's strategy, which is characterized by a strong focus on innovation, convergence and effective cost management, aims to establish Orange as an integrated operator and benchmark for new telecommunications services in Europe. Today the Group remains focused on its core activities as a network operator, while working to develop its position in new growth activities. To meet customer expectations, the Group strives to provide products and services that are simple and user-friendly, while maintaining a sustainable and responsible business model that can be adapted to the requirements of a fast-paced and changing eco-system.
France Telecom (NYSE:FTE) is listed on Euronext Paris (compartment A) and on the New York Stock Exchange.
About Telit
Telit Communications Plc, is an leading international specialist in wireless machine-to-machine (M2M) technology. Telit is the only company worldwide to offer communications modules for all of the various wireless technologies: it develops, produces and markets modules for GSM/GPRS, UMTS/WEDGE/HSDPA, CDMA and short-range RF applications. M2M applications rationalise business processes by enabling machines, equipment and vehicles to communicate with each other via mobile networks.
Telit products are used all over the world and marketed via offices in Brazil, China, Denmark, Germany, France, the UK, Israel, Italy, Korea, Spain, South Africa, Taiwan, Turkey and the USA. Partners can obtain Telit modules globally. Telit Communications PLC is listed on AIM (ticker: TCM).
For further information please visit www.telit.com or contact:
Telit Communications Plc |
Tel: +972 3791 4040 |
Oozi Cats, CEO Yariv Dafna, CFO Michael Galai, General Counsel |
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Astaire Securities Plc, Nomad & Broker |
Tel: +44 20 7492 4775 |
Shane Gallwey Sebastian Wykeham |
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