LAGUNA-based chip maker Cirtek Holdings Philippines Corp. said it will talk to government agencies and some telecommunications firms to offer the product of its newly acquired US firm.
Cirtek Vice Chairman and President Roberto Juanchito Dispo said they will meet officials of the Department of Energy, Department of Information and Communications Technology and the National Transmission Corp. by the end of the week to explore possibilities of the company becoming a third-party supplier for the respective project of these agencies.
Cirtek said it is confident it could secure a substantial share of the fast-growing base station market for Quintel Technology Ltd., which manufactures base station antennas.
Dispo said even the antennas being used by telecommunication companies, or telcos, need replacement as demand by users increase.
Quintel, the US firm bought by Cirtek in August and a leader in the high-value multiport antenna market in North America, is also looking to increase its market share in the US to 30 percent, from the current 10 percent. Quintel added it plans to do so by securing new clients and introducing new products, as well as low-cost antennas, starting next year. Its revenues for such initiative could top $100 million by next year, or the same pace of revenue being generated by Cirtek before it acquired Quintel. Quintel is also looking to roll out low-cost six-port platforms to Southeast Asia, including the Philippines. The company said it targets telcos in the region that aim to make their network rollout quicker.
“We are investing more in Quintel to extend its technological leadership through continued innovations,” Dispo said. “We will also open new markets and build our global sales force to take advantage of the worldwide expansion in mobile telecommunications.”
Quintel also hopes to list at Nasdaq in the coming years, Dispo added.
Cirtek, meanwhile, 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 percent of projected global gross domestic product by 2020, or $4.2 trillion, from 4.4 percent in 2016 equivalent to $3.3 trillion. Most of these services will require broadband connections that could be better supported by Quintel’s multiport antenna, Cirtek said.