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Telit: up for sale?

Telit: up for sale?

Shares in Telit Communications (TCM) are on the rise, amid speculation that a potential takeover may be on the cards. Investors will surely be grateful to see some potential upside for their stock, after the tech group's well-documented summer of discontent. Shares in the enabler of the Internet of Things had been hammered following weaker-than-expected half-year results, the departure of former chief executive Oozi Cats and disappointing financial guidance for the year ending December 2017.

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