Business World
A SUBSIDIARY of Cirtek Holdings Philippines Corp. has been awarded a contract to provide antenna to a telecommunications operator in the United States for fifth generation (5G) network rollout.
In a statement on Tuesday, the electronics manufacturer said its wholly owned subsidiary Quintel USA, Inc. recently signed the contract for a master purchase agreement with an unnamed telco provider.
It intends to launch a new platform of small cell antenna products, which will complement its portfolio of Multi-port Base Station Antenna used for 3G, 4G, and 5G networks.
The telco operator that signed Quintel is anticipated to spend nearly a billion dollars this year. US wireless carriers are likewise seen to raise capital expenditures by 11% to $35 billion next year.
“Quintel is pleased to take part in building and transforming the information technology and connectivity revolution ahead as networks transition to 5G,” it said.
Recently, Cirtek reissued P545.2-million bonds to support Quintel’s capital expenditures and refinance short-term loans.
The company booked an attributable net income of $2.63 million in the first half of 2020, up by 118% from last year, due to better margins during the period.
Shares in Cirtek gained 41 centavos or 7.24% to P6.07 each on Tuesday. — Denise A. Valdez
Dec 03, 2021
Published by Malaya
Cirtek Holdings Philippines Corp. expects to raise P2.5 billion from its ongoing preferred share sale.
It was earlier looking at a P3.5 billion fund raising.
The company said it is now selling 50 million of its preferred shares at an offer price of P50 apiece from an earlier 70 million, divided into an initial 30 million and another 20 million covering the oversubscription option.
The preferred shares that will have a series of TCB2C for the Preferred Class B-2 Subseries C and CB2D for the Preferred Class B-2 Subseries D will have a dividend rate of 6.5864 percent for TCB2C...
Read moreSep 14, 2020
QUINTEL WINS NEW TELCO CONTRACT UNDER MASTER PURCHASE AGREEMENT
Quintel USA, Inc., a wholly owned subsidiary of Cirtek Holdings Philippines Corp., has fully concluded contract signing on a Master Purchase Agreement with a telecommunications operator ranking among the top five full-fledged wireless carriers in North America. Having spent close to half a billion dollars in acquiring new spectrum in auctions alone, the carrier is primed to launch full commercial services on fresh spectrum for 5G services 2021 beyond. As part of providing pioneering and constantly evolving innovative antenna solut...
Read moreOct 27, 2021
Published by Manila Standard
The Securities and Exchange Commission said Wednesday it approved the P3.5-billion preferred shares offering of semiconductor manufacturer Cirtek Holdings Philippines Corp. Cirtek was allowed to register and offer up to 50 million preferred shares at a price of P50 apiece, with an oversubscription option for another 20 million preferred shares. The company has yet to set the dividend rate for the preferred shares. The preferred shares will be listed and traded on the main board of the Philippine Stock Exchange. Cirtek will use the net proceeds from the offering wil...
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