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

hope this goes a long way to drive them back to enterprise solution business packages


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.

BlackBerry last week posted better than expected quarterly results, but it’s not out of the woods yet, and this shows that Canada, by way of the EDC, is stepping in to help.

While BlackBerry is pushing very hard for a turnaround with the launch of BB10 and a raft of new devices, it still needs to do a lot of legwork to convince carriers that they should be making the extra investment to stock its devices. Figures out earlier this week from Kantar Worldpanel Comtech noted that RIM’s share of handset sales in once-key markets like the U.S…

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