Philippine Daily Inquirer
By: Doris Dumlao-Abadilla
The Silicon Valley unit of electronics manufacturer Cirtek Holdings Philippines Corp. has bagged a new deal to supply antenna solutions for the rollout of 5G telecommunication services in America.
In a disclosure to the Philippine Stock Exchange on Tuesday, Cirtek said its subsidiary Quintel USA, had signed a master purchase agreement with a telecommunications operator that ranked 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 US carrier is set to launch full commercial services on fresh spectrum for 5G services by 2021 and beyond, Cirtek said.
“Quintel is pleased to take part in building and transforming the information technology and connectivity revolution ahead as networks transition to 5G,” the company said.
Among the portfolio being launched is Quintel’s flagship 14-port small cell canister solution specifically to maximize radio channel spectral capacity.
Michael Liu, Quintel president and Cirtek Holdings Philippines Corp. executive vice president, said Quintel’s 14-port canister would cover all low-band and mid-band spectrum in North America and was “future-proofed” in supporting the spectrum vital for 5G services.
As part of providing pioneering and constantly evolving innovative antenna solutions to the market, Quintel will be launching a new platform of small cell antenna products to complement its growing multi-port base station antenna portfolio.
The portfolio is designed and tailored specifically to next generation network which will be built around existing frequencies as well as overlaying newly assigned 5G spectrum under a “compact, feature-rich form factor with 4G and 3G backwards compatibility.”
The operator signed up by Quintel is projected to spend close to a billion dollars this year alone, up by 27 percent from the previous year.
Dec 03, 2021
Published by The Manila Times
LISTED Cirtek Holdings Philippines Corp. on Thursday said it received its permit to sell and order of registration of securities from the Securities and Exchange Commission for its preferred shares offering.
In a disclosure to the exchange, the company said it is set to offer up to 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares with a par value of P1 each priced at P50 apiece.
The shares will be issued as Preferred Class B-2 Subseries C or D Shares.
Cirtek expects to raise ...
Read moreJul 19, 2021
Published by Bilyonaryo
Shareholders of Cirtek Holdings Philippines Corp. are probably scratching their heads over the stock’s underwhelming performance in the middle of its P1.4B stock rights offering.
Shares of TECH closed at P5.21 per share during Friday’s trading, down 25 percent from an intra-day high and below the P5.50 subscription price for the SRO.
Should shareholders subscribe when they can buy shares for cheaper at market?
Nicky Franco, the head of research of Abacus Securities, said taking up the TECH rights with its bonus warrants should be a “no brainer.”
Franco estimated that th...
Read moreAug 16, 2021
Published by Business Mirror
Cirtek Holdings Philippines Corp. on Monday listed on the Philippine Stock Exchange (PSE) 249.44 million in common shares that carry a detachable warrant, which the company sold via a stock rights offering (SRO).
The said shares were sold at P5.50 per share, or a total of P1.37 billion.
Cirtek shares were last traded at P4.60 apiece.
In his welcome message, PSE president and CEO Ramon S. Monzon cited the competitive environment of the technology solutions space given the rapid advancement in this field and expressed optimism over Cirtek’s plans for its subsidiaries...
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