basic doubt pls clarify

Hi with my arduino now i am going to interface a cc2500 module and an ultrasonic sensor..but my ultrasonic sensor is serial based..also my cc2500 is also serial based..but the problem what i am having is in my arduino board i have got only one tx and rx pin. Can i convert my digital pins to tx and rx using FTDI board?..if so, can u guys tell me how to do the connections?
thanx in advance

You can use the softserial library to make additional serial connections on any pair of digital pins, they wont be able to connect to your PC through the FTDI/USB port, but you can use them to talk to other serially enabled devices, and then keep the original serial for talking to the PC.