SAO PAULO, July 22 (Reuters) - Telefonica Brasil

said on Monday in a securities filing that its unit

TCloud signed a deal to buy cloud service firms IPNET and IPNET

USA for up to 230 million reais ($41.29 million).

Telefonica Brasil, which is 75% owned by Spanish telecom

giant Telefonica, said in the filing that the deal's

total value is conditioned to financial and operational goals.

The transaction still requires approval from Brazil's

antitrust watchdog.

($1 = 5.5705 reais)

(Reporting by Luana Maria Benedito; Editing by aida

Pelaez-Fernandez)