Cirtek's Quintel extends supply deal with American telcos

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.