Tellabs acquires WiChorus

Naperville-based Tellabs announced it will acquire WiChorus of San Jose, Calif.

The companies said in a statement that the combination will lead to advanced 3G/4G mobile networks that could revolutionize the mobile Internet, deliver new applications to generate revenue and simplify networks to achieve significant savings for mobile carriers.

Under the terms of the transaction, Tellabs will pay approximately $165 million in net cash for WiChorus.