Cirtek acquires US-base antenna firm for $77M

Listed electronics manufacturer Cirtek Holdings Philippines Corp. (CHPC) has signed a $77-million agreement to acquire US-based antenna solutions provider Quintel.

"Upon closing, the transaction will immediately give CHPC a significant presence in the large and rapidly growing base station antenna market, estimated to be more than $14 billion by 2020," the company said in a regulatory filing on Monday.

Scheduled to close on July 31, the transaction will be finance with debt.

Quintel is an innovator in spectrum and space-efficient base station antennas for wireless networks, which counts as customers two of the top five North American telecom carriers, according to CHPC.

"Quintel's cutting edge R&D (research and development) and product capabilities significantly add to and complement Cirtek's growing portfolio in wireless communication, and is aligned with our business focus on high-growth market segments," CHPC chairman Jerry Liu said.

"Further, being the strategic manufacturing partner of Quintel products places us in a unique situation to achieve significant synergies through value engineering, research and development collaboration as well as cost reduction, resulting in high-quality, reliable and cost-competitive products," CHPC vice chairman and president Roberto Juanchito Dispo said. — Jon Viktor Cabuenas/VDS, GMA News

Tech 2017: Biggest fails, scandals and embarrassments

© Provided by IBT US This year brought many tech innovations and products, like the iPhone X, virtual reality headsets and augmented reality on apps. However, the tech industry also saw failures this year. Like all businesses, not all products or ideas succeed. The tech industry saw some of its gadgets fail to take off. Besides product failures, the sector was also plagued by scandals and congressional testimonies. Here are the tech industry’s 2017’s top product flops and scandals: Amazon Key In late October, Amazon announced a new delivery method for Prime members which allows drivers to set packages inside customers’ home . The delivery system works with the Amazon Key In-Home Kit that is set up for $249.99. With the kit, users can select the “in home” option on the app and get their items delivered inside their homes. Prime members can receive alerts and can see the delivery happen in real-time through the app. While the service was pitched to people who are too busy to s...

R. Tiglao Exposed LTO Records Showing Aquino Never Bought or Sold a Porsche

Veteran columnist Rigoberto Tiglao exposed the Land Transportation Office (LTO) records of former President Benigno Aquino III showing that he never bought or sold an expensive Porsche car. The LTO records proved that the former President did not sold his Porsche 911 Carrera car which he claimed he bought for P5 million. The controversial Porsche car of the former President made headlines just months into his presidency but he explained that he bought the luxury car with the proceeds he got when he sold his BMW. Because of the furor from such display of opulence, Pres. Aquino claimed to have sold it six months later for exactly the same price. According to Tiglao during that time he asked through his column the LTO to release the car's deed of sale and registration to prove that it was not a gift from a Chinese-Filipino tycoon as rumored by some individuals critical to the President. The only possible way to discover whether the Porsche luxury was indeed sold was through ...

Aktor, iniwan ang ina

PAREHAS may pinagdaanan sina Jericho Rosales at Erich Gonzales noong gawin nila ang “Siargao,” entry sa MMFF. Namatay ang daddy ni Jericho na hanggang ngayon ay hindi niya matanggap na wala na ito. Miss na miss na niya ang kanyang daddy. Nag-break naman sina Erich at Daniel Matsunaga. In a way, nakatulong kina Jericho at Erich ang pagiging abala nila sa shoot ng “Siargao” and somehow, naibsan ang kanilang kalungkutan. A month or so nanatili sila sa Siargao at gandang-ganda sila sa mga lugar na pinag-syutingan nila. Stress-free raw. Hindi na-link sa isa’t-isa sina Jericho at Erich. Taken na kasi si Jericho at happily married kay Kim Jones. Unexpectedly, kay direk Paul Soriano na happily married kay Toni Gonzaga natsismis si Erich. Walang naniwala sa ka-cheapang isyu. Nagamit pa si Toni na kuno’y pinagselosan si Erich. Balitang may non-showbiz guy na nagpapasaya ngayon ng puso ni Erich. Ang ex-boyfriend niyang si Daniel Matsunaga ay isang model mula sa Poland ang love of his life ...

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