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Telit Communications confirms talks with Kilsby over chairman role

Shares have rallied on reports of bid interest from private equity firms and hit a three-month high last week
picture of internet of things
From online gaming to IoT for former 888 chairman Kilsby

Telit Communications Plc (LON:TCM) has confirmed discussions are underway with Richard Kilsby over his appointment as chairman.

The internet of things company was rocked in August by the resignation of chief executive Oozi Katz after allegations that he was wanted in the US under the name Uzi Katz.

READ: Telit Communications denies it is under formal investigation by the FCA

Since then the shares have rallied on reports of bid interest from private equity firms and hit a three-month high last week on speculation over a possible deal.

READ: Telit finally gets certification for its LTE CAT-1 VoLTE modules

Kilsby was executive chairman of internet gaming firm 888 for nine years until March 2015.

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