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Telit Communications expands business with Verizon

IT firm has won approval to use another of its products on Verizon's network

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LTE 4G provides mobile users with much faster data speeds than 3G

Telit Communications (LON:TCM ) has won approval from Verizon Communications Inc. (NYSE:VZ) to use another of its products on the US telecoms group's network.

The IT firm said Verizon had certified a second Telit CAT-1 Long Term Evolution (LTE) Internet of Things (IoT) module for use on its 4G LTE network.

Fourth generation (4G) LTE provides mobile users with much faster data speeds than 3G.

Verizon was the first wireless service provider to enable CAT-1 operation, having launched the technology across its LTE network in 2015.

Telit chief executive Oozi Cats said: "This is another important development for us in North America, as it now gives our customers two CAT-1 modules to choose from for their M2M/IoT applications on Verizon's 4G LTE network."

Telit's single-mode LTE CAT-1 IoT module is a member of its successful xE910 family and can be applied as a drop-in replacement in existing devices based on the family's 2G and 3G models.

Supporting peak data rates of 5Mbps upload and 10Mbps download, the certified module is ideal for developers and integrators looking to migrate existing North American 2G or 3G IoT devices to LTE, or build new IoT systems requiring lower LTE speeds, while benefiting from cost savings linked to CAT-1.

Quick facts: Telit Communications PLC

Price: 152.2 GBX

AIM:TCM
Market: AIM
Market Cap: £201.96 m
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