manilastandard.net
by Jenniffer B. Austria
Cirtek Holdings Philippines Inc. said US-based subsidiary Quintel bagged a telecommunications contract with one of the top five wireless carriers in North America.
Cirtek said in disclosure to the stock exchange Wednesday Quintel signed a master purchase agreement with a telecommunications operator that is scheduled to launch full commercial services on fresh spectrum for 5G services.
It did not provide the expected sales from the new contract, but said it would be positive for 2020 performance. The US telco operator is projecting annual spend of close to $1 billion this year, up by 27 percent from its capital expenditures in 2019.
Cirtek said the US wireless carriers were projected to increase spending by 11 percent to $35 billion in 2021.
Cirtek said that as part of providing pioneering and constantly evolving innovative antenna solutions to the market, Quintel would launch a new platform of small cell antenna products to complement its growing multi-port base station antenna portfolio.
The new product is designed to next generation network which is to be built around existing frequencies and overlaying newly-assigned 5G spectrum under a compact, feature-rich form factor with 4G and 3G backwards compatibility.
“Quintel is pleased to take part in building and transforming the information technology and connectivity revolution ahead as networks transition to 5G,” Cirtek said.
The company’s flagship 14-Port Small Cell Canister solution is specifically optimized for exploiting radios with 4T4R configurations at low-band frequencies to maximize radio channel spectral capacity in dispersive radio channels.
Quintel president Michael Liu said the 14-Port Canister covers all low-band spectrum and mid-band spectrum in North America.
Dec 03, 2021
Published by Inquirer.net
Electronics manufacturer Cirtek Holdings Philippines Corp. is set to conclude today, Dec. 3, the public offering of as much as P2.5 billion worth of perpetual preferred shares, proceeds from which will be used to refinance debt and fund the expansion of key subsidiaries.
Cirtek’s preferred shares have two series: one with a synthetic maturity of three years carrying an interest rate of 6.5864 percent per annum, and another with a synthetic maturity of five years carrying an interest rate of 7.7506 percent per annum.
Higher divident rate The synthetic maturity means th...
Read moreDec 02, 2021
Published by Manila Standard
Cirtek Holdings Philippines Corp. said Thursday it obtained the approval of the Securities and Exchange Commission to issue P2.5-billion worth of preferred shares. Cirtek said in a disclosure to the stock exchange it would offer 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable preferred shares at P50 apiece. Cirtek will issue the preferred shares in two series, including Class B-2 Subseries C shares with a dividend rate of 6.5864 percent per annum, and Class B-2 Subseries D shares with a dividend rate of 7.7506 percent ...
Read moreDec 02, 2021
Published by Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Thursday said it secured the green light of the Securities and Exchange Commission for its primary offering of up to 50 million in perpetual preferred shares.
The company is selling its preferred shares to be classified as class B-2 subseries C or D shares at P50 apiece. Cirtek expects to raise some P2.5 billion from the offering.
The public offer period will run until December 3 and will be listed on the Philippine Stock Exchange on December 14.
Cirtek has been allowed to offer up to 70 million shares, or proceeds ...
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