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.
Oct 29, 2021
Published by Philstar
MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the public offering by Cirtek Holdings Philippines Corp. of up to P3.5 billion worth of preferred shares.
In a meeting on Oct. 26, the SEC approved the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at a price of P50 per share, with an oversubscription option of up to 20 million preferred shares.
The listed tech manufacturer expects to net P3.44 billion from the offer, assuming the oversubscription option is fully exercised, proceeds of which will ...
Read moreJan 12, 2021
CIRTEK ELECTRONICS Corp. plans to increase local production by 20% as it partners with major customers to provide parts for consumer electronics and electric charger products.
Read moreJul 02, 2021
by VG Cabuag Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Wednesday said it secured the approval of the Philippine Stock Exchange Inc. (PSE) for the company’s stock rights offering (SRO) with bonus detachable warrants, which could yield P1.37 billion.
The company has set a final offer price of P5.50 per entitlement right and a final exercise price of P5.50 for the bonus detachable warrants.
Cirtek said it intends to list some 249.44 million in common shares for the rights shares and 249.44 million in detachable warrants with 249.44 million in underlying common shares.
Inve...
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