Telecom Italia SpA Brazil's watchdog (CADE) may cancel approval of Telefonica's move related to Telco on concerns related to conflicts of interest - Italian Press **Note: On Nov 14th, Telefonica said there was no plan to merge with Telco. - In Sept, Telefonica paid approx €324M in cash to raise its stake in Telco to 66% from 46% - Telco controls Telecom Italia