Cirtek unit bags deal

Sep 16, 2021

Cirtek unit bags deal

Malaya Business Insight

Cirtek Holdings Philippines Corp. said its unit Quintel USA Inc. has signed a master purchase agreement with a top-five wireless carrier company in North America that is set to launch a full commercial services on fresh spectrum for 5G services next year.

The company said Quintel will now launch “a new platform of small cell antenna products designed and tailored specifically to its new customer’s next generation network which is to be built around existing frequencies as well as overlaying newly assigned 5G spectrum.

Cirtek said the new antenna will be a “compact, feature-rich form factor with 4G and 3G backwards compatibility.”

“The operator is projecting annual spend to end close to a billion dollars this year alone, up by 27 percent from its capital expenditures in 2019 while the overall US wireless carriers are projected to grow spend by 11 percent to $35 billion in 2021,” Cirtek said.

“Among the portfolio being launched, is our flagship 14-port small cell canister solution specifically optimized for exploiting radios with 4T4R configurations at low-band frequencies to maximize radio channel spectral capacity in dispersive radio channels,” it added.

Michael Liu, Quintel president, said Quintel’s 14-port canister covers all low-band spectrum (600, 700 and 850MHz) and mid-band spectrum (1.6-2.6GHz, 5GHz) in North America (US, Canada, Mexico) and is “future-proofed in supporting the new 3GPP Band n77 for C-Band spectrum and encompassing CBRS (3.3-4.2GHz).”

Liu said such feature is “vital for delivering bulk of what will be 5G services in sub 6GHz spectrum critical of the deployment, a feature first and yet unseen in the market.”

  • Aug 16, 2021

    Cirtek Holdings raises P1.37 billion from stock rights offer

    Published by Manila Standard

    Semiconductor manufacturer Cirtek Holdings Philippines Corp. said Monday it raised P1.37 billion from its stock rights offering. Cirtek said in a disclosure to the stock exchange it listed 249.442 million common shares sold by way of rights offering at P5.50 per share. Shareholders as of July 1 were entitled to purchase 1 share for every 1.68 common shares owned. The shares came with 249.442 million bonus detachable warrants that will be issued free of charge to the investors and as part of the subscription to the entitlement rights. Each bonus detachable warrant e...

    Read more
  • Jul 14, 2021

    Cirtek unit’s supply deal with 2 telcos extended

    Published By Revin Mikhael D. Ochave Business World

    A UNIT of technology company Cirtek Holdings Philippines Corp. has extended a master supply agreement with two telecommunication companies in North America.

    Cirtek said in a regulatory filing on Monday that the agreement between its telecom base station antenna unit Quintel USA, Inc. 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.

    “Quintel’s 5G products ...

    Read more
  • Sep 16, 2021

    Cirtek unit bags deal

    Cirtek unit bags deal

    Cirtek Holdings said its unit Quintel USA Inc. has signed a master purchase agreement

    Read more