Telefonica Brasil unit TCloud signs deal to buy IPNET for up to $41 million
SAO PAULO, July 22 (Reuters) -Telefonica Brasil VIVT4.SA said on Monday in a securities filing that its unit TCloud signed a deal to buy cloud service firms IPNET and IPNET USA for up to 230 million reais ($41.29 million).
Telefonica Brasil, which is 75% owned by Spanish telecom giant Telefonica TEF.MC, said in the filing that the deal's total value is conditioned to financial and operational goals.
The transaction still requires approval from Brazil's antitrust watchdog.
($1 = 5.5705 reais)
Reporting by Luana Maria Benedito; Editing by aida Pelaez-Fernandez
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