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.
Aug 17, 2021
Published by Malaya
Cirtek Holdings Philippines Corp. said it has successfully raised P1.37 billion in funding through a stock rights offer (SRO) where existing shareholders subscribed to 249.44 million shares at P5.50 per share.
The SRO entitled a shareholder to buy one share from the pool of shares made available for every 1.68 Cirtek shares it owns. The company also included in the share sale one detachable warrant for each shares bought, which its holder can use to buy additional Cirtek shares at a price of P5.50, starting on the 12th month after the stock rights offer and until the 36th m...
Read moreJul 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 moreJan 13, 2025
Published by Bilyonary
Bilyonaryo Jerry Liu’s Cirtek Advanced Technologies and Solutions Inc. (CATSI) has been named the No. 1 contract manufacturer for evaluation boards by U.S.-based semiconductor firm Analog Devices Inc. (ADI) for the fourth quarter of 2024.
The recognition marks CATSI’s rise to the top spot after ranking third in the first half of the year and second in the third quarter, ADI said.
Evaluation boards are a critical business line for ADI, enabling the promotion of its analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs) to electronic design com...
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