Brazilian antitrust regulator Cade on Wednesday approved the 2007 purchase of control in Telecom Italia SpA (TI, TIT.MI) by a group led by Spain's Telefonica SA (TEF, TEF.MC).

The decision, which had long been anticipated, is dependent on the continued observance of an undertaking to keep Telecom Italia's local mobile telephone unit, TIM Participacoes SA (TSU, TCSL4.BR), and Telefonica's mobile unit, Vivo Participacoes SA (VIV, VIVO4.BR), running independently.

Brazilian telecom-industry regulator Anatel imposed the restriction in 2009.

-By Alastair Stewart, Dow Jones Newswires; 5511-3544-7072; alastair.stewart@dowjones.com
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