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VIV - Telefonica Brasil SA

Brazil's Telecoms Regulator Anatel Approves TEF and PT deal

Vivo Participacoes is the largest 3G WCDMA network in Brazil and expanding. Telefonica agreed to buy out Portugal's share for roughly $10 billion. It plans to merge Vivo with its Telesp unit in Brazil which, when combined, will have 69 million customers. Brazil's Telecoms Regulator Anatel Approves TEF and PT deal last week.