News Room

Cirtek Seeks to Increase Market Share of US-Based Subsidiary in Base-station Antennas

MAKATI CITY, Philippines (October 18, 2017) – A steady growth in mobile subscribers worldwide and an increasing need for broadband capacity are expected to drive demand for base station (BTS) antennas, with unit sales in North America and Asia projected to top 3 million units by next year with a market value in excess of $3 billion.

Cirtek Holdings Philippines Corporation (CHPC), a fully-integrated global technology company, is confident it could secure a substantial share of the fast-growing BTS market with the technology roadmap it has drawn up for newly-acquired Quintel Techology Limited.
Quintel, a leader in the high-value multi-port antenna market in North America, is looking to increase its market share in the U.S. to 30% from the current 10% by securing new clients and introducing new products as well as low-cost antennas starting in 2018. Quintel is also looking to rollout those low-cost 6-port platforms to Southeast Asia to help telecommunications companies in the region quicken their network rollout.

According to EJL Wireless Research, unique mobile subscribers globally are expected to reach 5.7 billion by 2020 from 4.8 billion last year, which represent 7.9 billion SIM connections. Aside from subscriber growth, demand for BTS is also getting a push from the introduction of new mobile applications and devices as well as increased content streaming.

“We are investing more in Quintel to extend its technological leadership through continued innovations,” said CHPC Vice Chairman and President Roberto Juanchito Dispo. “We will also open new markets and build our global sales force to take advantage of the worldwide expansion in mobile telecommunications.”

Cirtek is looking to raise as much as $200 million from the sale of preferred shares to fund expansion plans, including those for Quintel, and pay for debts.

Mobile technologies and services are expected to account for 4.9% of projected global gross domestic product by 2020, or $4.2 trillion, from 4.4% in 2016 equivalent to $3.3 trillion. And most of these services will require broadband connections that could be better supported by Quintel’s multi-port antenna.

Quintel’s multi-port technology allows a single antenna package to support more spectrum bands and multiple arrays. The antenna technology offered by Quintel has been embraced by AT&T, Verizon, and América Móvil/Claro, all major telecommunications companies.
“Quintel’s technology allows operators to maximize capacity for minimum cost from their existing physical sites,” said Quintel President David Piazza. “By reducing unnecessary infrastructure, Quintel antennas empower operators to quickly and efficiently expand their services and networks while maintaining their desired quality of service.”


Cirtek Holdings Philippines Corporation (CHPC) is the holding company of Cirtek Electronics Corporation (“CEC”) and Cirtek Electronics International Corporation (“CEIC”), (collectively the “Cirtek Group”). Through its subsidiaries, the Company is primarily engaged in two major activities: (1) providing complete manufacturing solutions for value-added, highly integrated radio frequency (“RF”), microwave and millimeterwave technology products, and (2) providing full service/turnkey solutions including wafer probing, wafer back grinding, assembly, packaging and final testing of semiconductor devices.

CHPC through its subsidiaries harnesses more than 54 years of combined operating track record. The Company’s products cover a wide range of applications and industries, including communications, consumer electronics, power devices, computing, automotive, and industrial.
CHPC is listed on the Philippine Stock Exchange in November 2011 and carries the ticker symbol “TECH”.

For investor inquiries, please contact:
Anthony Buyawe    +63 917.8095129

Forward Looking Statements
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