Cirtek aims to list US arm on Nasdaq
Laguna-based chipmaker Cirtek Holdings Philippines is looking to list its newly-acquired US subsidiary Quintel on the world’s second largest stock exchange, Nasdaq or the New York Stock Exchange.
Quoting Cirtek president Roberto Juanchito Dispo, the Philippine Daily Inquirer reported that the group’s medium term plans include taking Quintel public as it grows into a $500 million company.
‘Our target is to grow it to $300 million to $500 million (in revenues). That’s a perfect profile for size of revenues to access Nasdaq listing,’ Dispo said. ‘But we won’t stop there. We want to grow into a $1- billion company.’ Dispo was quoted as saying in the PDI report.
Part of the game plan is to forge partnerships with foreign and local telecommunications firms. Quintel recently met with Singapore Telecommunications Ltd. It is also set to meet with PLDT, Smart Communications and Globe Telecoms.
Quintel is a leading innovator in the design, development, and delivery of network-efficient multi-port slim-line cellular base station antennas. The company’s products allow wireless operators to cost-effectively increase capacity, by supporting legacy, new and future air-interfaces with independent optimization and low interference RF patterns.
The company’s antennas are designed to maximize benefits wireless operators can derive from advanced LTE deployments including carrier aggregation, VoLTE, Cloud-RAN and MIMO systems.