Sbc Shareholders Ok Proposed Merger

SBC Communications Inc. shareholders on Wednesday approved the company’s $17 billion merger with Pacific Telesis Group.

“The merger is on track to be completed by early 1997,” Edward E. Whitacre Jr., chief executive officer of SBC, said after the vote at a special shareholders meeting in San Antonio.

The merger was supported by 97 percent of shares voted at the meeting. The vote represented 70 percent of SBC’s outstanding shares, officials said.

The merged company would have more than $21 billion in revenues.