BlackBerry Secures EUR200 Million in Export Guarantees for Smartphone Sales
Published on: 5th Apr 2013
Note -- this news article is more than a year old.
By: Ian Mansfield
Canada's export guarantee body has provided EUR200 million of capital to support sales of BlackBerry smartphones and services to Spain's Telefonica across its worldwide operations.
Export Development Canada (EDC) said that its working capital facility will facilitate BlackBerry market share growth within Telefónica.
"EDC's financing is really about making the transactions between BlackBerry and Telefónica easier, helping to enhance and broaden the relationship between these two major global players," said Lewis Megaw, Regional Vice President Africa Europe and the Middle East, EDC.
EDC has provided financing to Telefónica since 2006 in support of its various Canadian procurement needs.
EDC is Canada's export credit agency, and provides insurance and financial services, bonding products and small business solutions to Canadian exporters and investors and their international buyers.