Vodafone to get $850 million Canada finance, mainly for BlackBerry
Reuters
Published Dec 16, 2014 11:17AM ET
Vodafone to get $850 million Canada finance, mainly for BlackBerry
OTTAWA (Reuters) - British mobile phone operator Vodafone Group PLC will get $850 million in Canadian trade financing to help it buy enterprise services from BlackBerry Ltd, Ottawa said on Tuesday.
Export Development Canada (EDC) said that $750 million would go to BlackBerry, while the remaining $100 million was for future procurement from Canadian suppliers.
"Vodafone's global presence makes it a company that Canada's telecom sector has to have a relationship with," EDC Senior Vice-President Carl Burlock said in a statement.
(Corrects figures to U.S. dollars from Canadian dollars)
(Reporting by David Ljunggren; Editing by Peter Galloway)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.