Chief Executive Officer, Telit Cinterion
Search every verified Paolo Pino interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During a Q2 2020 results presentation, Paolo Pino, CEO of Telit Communications, stated that the company was not considering dividends or buybacks due to economic uncertainty, emphasizing a focus on "value creation" through business growth. He also discussed the company's strategy of creating competition between its manufacturing facilities in Vietnam and China, including a partnership with Foxconn, to manage production costs and mitigate risks related to US-China tensions. Pino highlighted the company's recent transformation and its focus on bundling services and technology upgrades, particularly 5G, which he described as central to future projects. He noted that an investigation by the FCA (likely a reference to the Financial Conduct Authority) into events from 2017 had concluded with no enforcement action against the company.
“we are not considering today as a board any action but i say today on dividends or buyback because we think that the uncertainty of the times put us in a position that we need to be very cautious we need to be very cautious and we need to create the foundation of the future elite in times that are as difficult as they...”
“we create now a real competition between scm in taiwan uh sorry in vietnam and in china this is the tier one this is with the foxconn so the buying power is completely different and we will be able in that way to better manage our cost of production as well as to manage any risk related to any tension between china and...”
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