China Mobile Ltd's plan to buy a stake in Far EasTone Telecommunications Co has got shareholders' approval in Taipei. The deal is now subject to regulatory approval from both sides of the Taiwan Straits.

Far EasTone shareholders passed a motion at the annual meeting of the island's third-largest mobile-phone operator yesterday, authorizing the board to sell up to 444 million new shares, worth no more than NT$17.8 billion, to Beijing- based China Mobile, the world's largest wireless company by subscribers.