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Brazil watchdog cleared to rule on T Italia deal

By Jonathan Wheatleyin São Paulo

Published: September 5 2007 23:01 | Last updated: September 5 2007 23:01

Anatel, Brazil’s telecoms regulator, was on Wednesday given the go-ahead to rule on the proposed purchase of a stake in Telecom Italia by Telefónica of Spain, bringing closure of the €2.3bn ($3.14bn) deal a step closer.

The decision by a judge in Brasília marks the latest skirmish in a battle for domination of the country’s fast-growing mobile telephone market.

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