Powered by

FEARS GROWING AS CHINESE CLOSE IN ON UK INTERNET OF THINGS PIONEER

Aug 16, 2020 - The Daily Mail and Mail on Sunday (London)
Board and Executive Moves-Company Splits/Spinoffs

POWERFUL activist investors have built up large stakes in UK-listed technology firm Telit Communications amid fears that a China-backed fund wants to take control.

Telit - an internet of things company whose technology helps machines to communicate with each other - hit the headlines in 2017 after allegations that its former chief executive Oozi Cats was a fugitive called Uzi Katz on the run from the US authorities.

Eddie Stobart haulier owner Dbay Advisors, based on the Isle of Ma...