Alcatel (Profile) shareholders on Thursday approved the French telecoms equipment provider’s all-share acquisition of U.S. rival Lucent (Profile), putting an end to weeks of debates about the deal’s merits.

The merger will turn the pair into one of the world’s leading suppliers of network hardware and software for mobile communications, high-speed Internet and TV broadcasting over ADSL phone lines.

Shareholders voted at the annual and extraordinary general meeting in favor of the deal by more than 85 percent of the votes of the motions related to the merger.

I am sorry to say that Lucent and Alcatel’s shares have lost more than 25 percent since they announced the merger proposal in early April.

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