
The green light comes after Alcatel and Lucent submitted a voluntary notice of the merger to the CFIUS in August 2006.
Both companies said that the CFIUS prepared a recommendation on the merger transaction to the president of the US in the final phase of the approval process.
The president accepted the CFIUS recommendation that he should not suspend or prohibit the proposed merger transaction, provided that, in time periods specified, the companies execute a National Security Agreement and Special Security Agreement to which they have agreed with US government agencies.
Alcatel and Lucent said they are "moving quickly" to finalise the transaction and expect to complete the merger on 30 November, which is within the six- to 12-month timeframe originally announced on 2 April.