Listed Cirtek Bares 5G Thrusts

Quintel USA, Inc., the Telecom Base Station Antenna unit under the holding firm, Cirtek Holdings Philippines Corporation (“Cirtek” or the “Company”), disclosed the extension of its Master Supply Agreement with two (2) major leading carriers in North America.

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 backward compatibility to existing infrastructure while providing 5G capability at a fraction of the cost against competitor products.

This extension allows Quintel another five (5) years of secured business with these two (2) telcos companies. According to Group Vice Chairman, Jorge Aguilar, “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. 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.”

The global 5G base station market is anticipated to grow by a CAGR of around 32% over the forecast period of 2020-2028 and is estimated to cross-market valuation of USD 177 Billion by 2028 according to research and market study published on March 9, 2021. (Source: Saunders J et Al, Base station antenna development trends in the 5G era (Analyst Angle)

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