The Philippine Star
Iris Gonzales
MANILA, Philippines — Cirtek Holdings Philippines Corp., through its wholly owned subsidiary Quintel USA Inc., has bagged a new contract.
In a disclosure to the Philippine Stock Exchange yesterday, Cirtek said Quintel signed a master purchase agreement with a telecommunications operator wherein Quintel would provide the telco’s needs to launch full commercial services on fresh spectrum for 5G services from 2021 and beyond.
Quintel will launch a new platform of small cell antenna products to complement its growing multi-port base station antenna portfolio designed and tailored specifically to its new customer’s next generation network.
This is to 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.
Michael Liu, Quintel president and Cirtek Holdings Philippines Corp EVP said Quintel’s 14-port canister covers all low-band spectrum and mid-band spectrum in North America, vital for delivering 5G services.
Cirtek Holdings Philippines is a listed entity in the local bourse and is the holding company of three wholly-owned subsidiaries.
Quintel, meanwhile, is a Silicon Valley-based technology company that designs, develops and delivers advanced high efficiency, high performance base station antenna solutions that help mobile operators increase efficiency, enhance quality of service, slash costs and accelerate returns.
It delivers innovative, high-quality, high-reliability, optimized, multi-port antenna solutions for the North American markets.
Another subsidiary, Cirtek Electronics Corp provides full turnkey solutions from package design and development, wafer probing, wafer back grinding, assembly, test development, final testing, warehousing and drop shipment for semiconductor devices used in communications, consumer electronics, computing, medical, industrial, automotive, aerospace, military and defense applications.
Jul 05, 2021
CIRTEK Holdings Philippines Corp. received the approval of The Philippine Stock Exchange, Inc. (PSE) for its stock rights offering with bonus detachable warrants.
The company said in regulatory filing on Wednesday that shareholders eligible to participate in the stock rights offering should pass the requisite documents and participate during the offer period scheduled on July 12 to July 22.
Listing for both the rights shares and the bonus detachable warrants are tentatively scheduled for Aug. 16, while the ex-rights date and record date will be on July 2 and July 7, respectively...
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
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