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By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO - The covert battles among the venerable and respected brand names of Europe in the scramble to get a foot-hold in booming Brazil inevitably claims casualties, and this week saw Spanish telecommunications giant Telefônica emerge as a distinct loser at the conclusion of a deal in which the company finally secured an expensive stake in Brazil’s rapidly expanding mobile operator Vivo.

Spain’s Telef . . .

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