Published By Malaya Business Insight
Cirtek Holdings Philippines Corp.’s telecom base antenna unit Quintel USA Inc. has secured five more years of contract to supply antennas to two leading carriers in North America.
Cirtek said this is 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,” it added.
Cirtek Group vice chairman Jorge Aguilar said the extension gives Quintel more momentum 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.”
“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 said.
The global 5G base station market is anticipated to grow by a compounded growth of around 32 percent between 2020 and 2028 and is estimated to cross market valuation of $177 billion by 2028 according to research and market study published in March this year.
Oct 27, 2021
Published by Manila Standard
The Securities and Exchange Commission said Wednesday it approved the P3.5-billion preferred shares offering of semiconductor manufacturer Cirtek Holdings Philippines Corp. Cirtek was allowed to register and offer up to 50 million preferred shares at a price of P50 apiece, with an oversubscription option for another 20 million preferred shares. The company has yet to set the dividend rate for the preferred shares. The preferred shares will be listed and traded on the main board of the Philippine Stock Exchange. Cirtek will use the net proceeds from the offering wil...
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Philippine Rating Services Corp. (PhilRatings) assigned an issuer credit rating of PRS A (corp.)
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Cirtek Holdings said its unit Quintel USA Inc. has signed a master purchase agreement
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