14th Dec 2015 07:00
14 December 2015
Telit Communications PLC
Telit wins appeal against Italian tax authorities
Telit Communications PLC (AIM: TCM, "Telit" or "the Group"), announces that, further to the announcement on 5 December 2014, the appeal filed by its Italian subsidiary, Telit Communications SpA ("Telit Italy"), with the Italian tax court of first instance, against three VAT assessments raised against Telit Italy by the Italian tax authorities, have been upheld by the tax court and the assessments were therefore annulled.
For further information:
Telit Communications PLCOozi Cats, CEO Yosi Fait, Finance Director & President | Tel: +39 06 4204601 |
Canaccord Genuity Limited (Nominated Adviser and Joint Broker) Simon Bridges/Cameron Duncan | Tel: +44 20 7523 8000 |
Berenberg (Joint Broker) Chris Bowman/Martin Kochhan | Tel: +44 20 3465 2722 |
Instinctif Partners Adrian Duffield/Chantal Woolcock
| Tel: +44 20 7457 2020 |
About Telit
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 IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.
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