BlackBerry Gets A Helping Hand From Canada With A $256M Loan For Telefonica To Buy BB Devices And Services

BlackBerry last week posted better than expected quarterly results, but it's not out of the woods yet. Now Canada is stepping in to help. Today, Export Development Canada, the Canadian export credit agency, announced that it has provided a ?200 million ($256 million) working capital facility to Telefonica, one of the world's biggest mobile operators, to procure BlackBerry smartphones, services and solutions for its global footprint, which covers 315.7 million subscribers across 24 countries.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/QOFsxZ4Bflo/

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