Semiconductor producer Cirtek Holdings Philippines Corp. said Tuesday US-based unit Quintel USA Inc. extended supply agreements with two major leading carriers in North America.
Cirtek said in a disclosure to the stock exchange the extension of the master supply agreement between its telecom base station antenna unit with two telecom carriers would be for another five years. The company did not identify the two firms.
“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,” Cirtek group vice chairman Jorge Aguilar said.
“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 three to five years,” Aguilar said.