European Commission launches investigation into Telefnica deal with Portugal Telecom. The two operators agreed not to compete with each other in their home markets until the end of 2011. The agreement came about last year when the two companies acquired sole control over Brazilian mobile operator Vivo. The Commission will also examine cooperation between the companies prior to the Vivo deal. The new probe will investigate whether that agreement affected E.U. markets, in particular Spain and Portugal. The Commission has no legal deadline for the investigation to complete.”]