Is Apple buying Android-based iPhone brand?

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Is Apple buying Android-based iPhone brand? 
A surprising revelation has surfaced the tech terrain. According to the recent report,Apple(NYSE) may have to pay a Brazilian company for the right to use the iPhone brand in Latin America's biggest country.
It is reportedly said that Brazil's Gradiente SA started selling Android smartphones with the iPhone brand last week after winning the legal right to use the name in Brazil.
Eugenio Staub, President at Gradiente has shared his views. He said, “Apple had not contacted his company even after knowing we were given the right to use the iPhone brand....See More