Venezuela's government has bought 28.5% of the country's top telecoms company CANTV, which President Hugo Chavez has accused of spying on him.
The stake was bought from US-based Verizon Communications for $572m (£295m), more than $100m less than was offered by a Mexican tycoon last year.
It is only a month since Mr Chavez called for the nationalisation of Venezuelan power and telecoms firms.
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