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Tellabs is a designer and marketer of equipment to telecommunication service providers.
The Board of Directors of Tellabs and WiChorus have approved the proposed transaction.
Earlier, WiChorus had raised venture capital funding from Mayfield Fund, Redpoint Ventures and Accel Partners.
Deal Value (US$ Million) 165 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2009-10-22
Deal Participants
Target (Company) WiChorus, Inc. Acquirer (Company) Tellabs, Inc.
Deal Rationale
The acquisition will complement Tellabs' growth solutions portfolio including its mobile, optical and business solutions. The combination will create advanced 3G/4G mobile networks that revolutionize the mobile internet, deliver new applications to generate revenue and to achieve significant savings for mobile carriers.
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