“Apple is closer to solving its trademark dispute with Brazilian telecommunications service firm IGB Eletronica,” Kenneth Rapoza reports for Forbes.

“According to Brazil’s largest daily, Folha de São Paulo, both companies have agreed to end the lawsuit over iPhone and come to some sort of ‘pacific agreement,’ the paper reported on Saturday,” Rapoza reports. “Apple has paid millions for its exclusive use of the word iPhone in the past and will likely pay IGB as well.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]

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