We recently heard that Apple had lost the rights to the iPhone trademark in Brazil, the rights are owned by a company called Gradiente Electronica SA and the iPhone trademark was registered by the company back in 2000.
Apple had previously said that they would be taking the company to court, although Gradiente Electronica SA had previously said that they were open to selling the trademark to Apple.
According to a recent report the two companies are now close to an agreement, which would see Apple taking over the rights to the iPhone trademark in Brazil, although there are no details as yet on any figures involved in the deal.
Source MacRumors