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 ...

2 aktres, may silent gap pa rin

ANG pamilya kaya nina Ogie Alcasid at Regine Velasquez ang peg nina Dennis Trillo at Jennylyn Mercado? One big happy family sina Ogie at Regine at ang ex-wife ni Ogie na si Michelle Van Eimeren and her present husband, Michael Furrow. Magkakasundo rin ang mga anak ni Ogie kay Michelle na sina Leila at Sarah at Nate na anak nina Ogie at Regine. Nakatira na si Leila sa house nina Ogie at Regine. Sa kaso nina Dennis at Jennylyn, maayos na rin ang samahan ni Jen and her ex-boyfriend, Patrick Garcia and his wife, Nika Martinez. Magkakasundo rin ang tatlong anak nila at ang anak nina Jen at Patrick na si Alex Jazz. Nakaka-good vibes ang lumabas na picture na magkakasama sila. Mukhang naayos na nina Patrick at Jen kung anuman ang naging gusot sa kanila noon. Good influence si Dennis kay Jen na kahit noon pa man ay malaki ang nagawa nito para maayos ang relasyon ni Patrick sa anak nila ni Jen. May panahong ipinagkait ni Jen kay Patrick na makita o makapiling nito si Alex Jazz. Tatay d...

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