Printed from http://www.electronista.com

BlackBerry boosted by $257 million Canadian loan to Telefonica

updated 04:50 pm EDT, Thu April 4, 2013

$257 million line of credit offered to EU, Latin America carrier

Canadian governmental agency Export Development Canada (EDC) is awarding a 200 million euro ($257 million) credit line to European telecom operator Telefonica. The grant is intended to help "facilitate BlackBerry market share growth" in the EU, according to the EDC. This is the first financing agreement Telefonica has received from the EDC specifically spelling out BlackBerry as the main beneficiary.

EDC's regional vice president for Europe, the Middle East and Africa Lewis Megaw said in a statement that the financing is about "making the transactions between BlackBerry and Telefonica easier, helping to enhance and broaden the relationship between these two major global players."

Telefonica is Europe's biggest carrier by revenue, and services Argentina, Brazil, Chile, Colombia, Czech Republic, Ecuador, El Salvador, Germany, Guatemala, Ireland, Mexico, Nicaragua, Panama, Peru, Puerto Rico, Slovakia, Spain, United Kingdom, Uruguay, Venezuela, and areas of the US.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Patriot Fuel+ 6000 and 9000mAh batteries

Mobile device batteries are better than they used to be, but there's always a scenario where users could use more juice. Upgrade manuf ...

Sponsor

toggle

Most Commented

 
toggle

Popular News