Cirtek unit bags deal

Sep 16, 2021

Cirtek unit bags deal

Malaya Business Insight

Cirtek Holdings Philippines Corp. said its unit Quintel USA Inc. has signed a master purchase agreement with a top-five wireless carrier company in North America that is set to launch a full commercial services on fresh spectrum for 5G services next year.

The company said Quintel will now launch “a new platform of small cell antenna products designed and tailored specifically to its new customer’s next generation network which is to be built around existing frequencies as well as overlaying newly assigned 5G spectrum.

Cirtek said the new antenna will be a “compact, feature-rich form factor with 4G and 3G backwards compatibility.”

“The operator is projecting annual spend to end close to a billion dollars this year alone, up by 27 percent from its capital expenditures in 2019 while the overall US wireless carriers are projected to grow spend by 11 percent to $35 billion in 2021,” Cirtek said.

“Among the portfolio being launched, is our flagship 14-port small cell canister solution specifically optimized for exploiting radios with 4T4R configurations at low-band frequencies to maximize radio channel spectral capacity in dispersive radio channels,” it added.

Michael Liu, Quintel president, said Quintel’s 14-port canister covers all low-band spectrum (600, 700 and 850MHz) and mid-band spectrum (1.6-2.6GHz, 5GHz) in North America (US, Canada, Mexico) and is “future-proofed in supporting the new 3GPP Band n77 for C-Band spectrum and encompassing CBRS (3.3-4.2GHz).”

Liu said such feature is “vital for delivering bulk of what will be 5G services in sub 6GHz spectrum critical of the deployment, a feature first and yet unseen in the market.”

  • Sep 16, 2021

    Cirtek unit bags deal

    Cirtek unit bags deal

    Cirtek Holdings said its unit Quintel USA Inc. has signed a master purchase agreement

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  • Jul 05, 2021

    Cirtek gets PSE nod for stock rights offer

    By Maria Romero Tribune PH

    Laguna-based Cirtek Holding Philippines Corporation has secured approval from the Philippine Stock Exchange (PSE) for its stock rights offer (SRO) with bonus detachable warrants.

    In a regulatory filing on Wednesday, Cirtek said it has also set its final offer price at P5.50 per Entitlement Right and final Exercise Price at P5.50 for the bonus detachable warrants.

    The company intends to list 249 million common shares or right shares and another 249 million bonus detachable warrants with 249 million underlying common shares.

    Investors who hold common shares of the comp...

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  • Jul 14, 2021

    Cirtek US unit extends supply deal with telcos

    Published By VG CABUAG BusinessMirror

    Quintel USA Inc., a unit of Laguna-based Cirtek Holdings Philippines Corp., on Monday said it has extended its master supply agreement with two major leading carriers in North America.

    The extension of the agreement allows Quintel another 5 years of secured business with these two telcos, the firm said.

    “Quintel is poised to grow its business in the near to medium term as evidenced by the relevance of its pioneering products that has been well received by our customers. Our products allow carriers to stay ahead of their game and maximize 5G services in the...

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