Export Development Canada which is a Crown corporation wholly owned by the Government of Canada, which provides financing and risk management services to Canadian exporters has decided to give a boost to BlackBerry by providing a loan to European telecom giant Vodafone that will be used to buy BlackBerry product. Here’s the details from The Globe And Mail:
Of the total loan package, $750-million will go to pay for purchases by Vodafone, one of the world’s largest wireless carriers, of the entire range of BlackBerry’s offerings, including equipment and services.
The five-year financing, to be announced Tuesday, is being made at “commercial terms,” but the rate is confidential, said Todd Winterhalt, EDC’s vice-president of international development.
Vodafone has been one of BlackBerry’s largest customers since it began selling the company’s smartphones to its business clientele in the early 2000s.
This is the second time that Export Development Canada has backed a Vodafone purchase of BlackBerry product. This is a vote of confidence in Blackberry from where I stand. A major European player agreeing to purchase Blackberry products in an amount equal to 20% of Blackberry’s current annual revenue. That simply cannot be ignored.
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Canadian Government Backs Vodofone Purchase From BlackBerry
Export Development Canada which is a Crown corporation wholly owned by the Government of Canada, which provides financing and risk management services to Canadian exporters has decided to give a boost to BlackBerry by providing a loan to European telecom giant Vodafone that will be used to buy BlackBerry product. Here’s the details from The Globe And Mail:
Of the total loan package, $750-million will go to pay for purchases by Vodafone, one of the world’s largest wireless carriers, of the entire range of BlackBerry’s offerings, including equipment and services.
The five-year financing, to be announced Tuesday, is being made at “commercial terms,” but the rate is confidential, said Todd Winterhalt, EDC’s vice-president of international development.
Vodafone has been one of BlackBerry’s largest customers since it began selling the company’s smartphones to its business clientele in the early 2000s.
This is the second time that Export Development Canada has backed a Vodafone purchase of BlackBerry product. This is a vote of confidence in Blackberry from where I stand. A major European player agreeing to purchase Blackberry products in an amount equal to 20% of Blackberry’s current annual revenue. That simply cannot be ignored.
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This entry was posted on December 16, 2014 at 3:00 pm and is filed under Commentary with tags BlackBerrry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.