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
Jul 14, 2021
Published By Maria Romero Daily Tribune
Quintel USA Inc., the United States-based unit of Philippine Stock Exchange-listed firm Cirtek Holdings Philippines Corp., has extended a master supply agreement with two telecommunication companies in North America.
In a disclosure, Cirtek said the agreement between Quintel USA and two unnamed carriers provides for a business extension of another five years.
“This comes at a time following a series of new product introductions released by Quintel when fifth-generation (5G) is at an inflection point,” Cirtek said.
It added, “Quintel’s 5G products are pre...
Read moreJan 12, 2021
Cirtek Electronics Corp. expects sales production to increase by 20% after securing contracts from two major tier 1 customers.
Read moreDec 02, 2021
Published by Manila Bulletin
Cirtek Holdings Philippines Corporation (TECH) has set the size of its ongoing public offering of its preferred shares to a maximum of P2.5 billion.
The firm said in a disclosure to the Philippine Stock Exchange that it has started the primary offering of up to 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares at an offer price of P50.00 per share.
The final offer structure consists of P1.5 billion in aggregate issue value, consisting of up to 30 million Preferred Class B-2 Sha...
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