Published by James A. Loyola Manila Bulletin
Quintel USA, Inc., the Telecom Base Station Antenna unit under of Cirtek Holdings Philippines Corporation has extended its Master Supply Agreement with two major leading carriers in North America.
In a disclosure to the Philippine Stock Exchange, Cirtek said “This extension allows Quintel another five years of secured business with these two telcos.”
It added that, “This comes at a time following a series of new product introductions released by Quintel when 5G is at an inflection point.”
Quintel’s 5G products are precisely designed with the customer’s network architecture in mind allowing synergies in terms of backwards compatibility to existing infrastructure while providing 5G capability at a fraction of the cost against competitor products.
“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,” said Cirtek Group Vice Chairman Jorge Aguilar.
He noted that, “Our products allow carriers to stay ahead of their game and maximize 5G services in the quickest and most cost economical manner.”
“We are preparing our supply chain, planning, capacity expansion and capital expenditures to fully support the demand as we look to grow our market share to double digit figures in the next 3-5 years,” Aguilar added.
The global 5G base station market is anticipated to grow by a compounded annual growth rate of around 32 percent over the forecast period of 2020 to 2028 and is estimated to cross market valuation of US$177 billion by 2028 according to research and market study published on March 9, 2021.
Dec 03, 2021
Published by The Manila Times
LISTED Cirtek Holdings Philippines Corp. on Thursday said it received its permit to sell and order of registration of securities from the Securities and Exchange Commission for its preferred shares offering.
In a disclosure to the exchange, the company said it is set to offer up to 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares with a par value of P1 each priced at P50 apiece.
The shares will be issued as Preferred Class B-2 Subseries C or D Shares.
Cirtek expects to raise ...
Read moreOct 27, 2021
Published by Business Mirror
The Securities and Exchange Commission (SEC) has approved Cirtek Holdings Philippines Corp.’s public offering of up to P3.5 billion worth of preferred shares.
In its en banc meeting, the agency approved the registration statement of Cirtek covering 50 million preferred B-2 Subseries C and D shares at an offer price of P50 per preferred share, with an oversubscription option of up to 20 million preferred shares.
The preferred shares will be listed and traded on the Main Board of the Philippine Stock Exchange (PSE).
The Laguna-based manufacturer expects to net P3.44 ...
Read moreJul 02, 2021
The Philippine Stock Exchange has approved Cirtek Holdings Philippines Corporation’s planned stock rights offering with bonus detachable warrants that will raise a total of P2.74 billion.
Read more