Occam Networks shareholders finally approve acquisition by Calix

Shareholders of Occam Networks have voted to approve the company’s acquisition by broadband access vendor Calix, a few weeks after a court order delayed the vote to ensure shareholders were provided with enough information about the deal.

The $171 million cash and stock deal was announced last September, and brings together two companies that have been significant players in the independent telco market for broadband deployment. JSI Capital has estimated that the companies do business with 72 percent of the local exchange carriers in the U.S. The companies also claim to have been in on 83 percent of publicly announced vendor selections for broadband stimulus projects.