Tellabs closes acquisition of WiChorus
Dec 02, 2009 (Datamonitor via COMTEX) --
Company: Tellabs, Inc. (TLAB)
Tellabs has completed its acquisition of WiChorus, a provider of mobile packet core solutions.
The closing follows Tellabs's receipt of Hart-Scott-Rodino approval from the Federal Trade Commission. The acquisition enables Tellabs to expand into mobile packet core networks, deliver new applications and provide savings for mobile carriers. The acquisition brings a new product to Tellabs that is purpose-built for 4G, long-term evolution and WiMAX.
Tellabs retained WiChorus's office in San Jose, California, and employees around the world. Rehan Jalil, former CEO and founder of WiChorus, has joined Tellabs as senior vice president of mobile internet, reporting to Robert Pullen, CEO and president of Tellabs.
Mr Pullen said: "Tellabs' expanded mobile solutions can help customers deliver distinctive personalized user experiences such as mobile internet, video and commerce. By adding this breakthrough technology, we can help customers simplify networks, reduce expenses and deliver new applications to generate revenue."
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Company: Tellabs, Inc. (TLAB)
Related terms: acquisition, ceo, commerce, new product, president, revenue, technology, trade, video
