EDC provides €200 M in financing to Spain's Telefónica to purchase BlackBerry products and services

EDC provides €200 M in financing to Spain's Telefónica to purchase 
BlackBerry products and services 
OTTAWA, April 4, 2013 /CNW/ - Export Development Canada (EDC) today announced 
that it has provided a €200M working capital facility to Telefónica to 
facilitate the procurement of BlackBerry® smartphones, services and solutions 
across its worldwide operations. 
Telefónica is one of the largest global telecommunications companies, with 
operations in 24 countries and a customer base of over 315.7 million 
subscribers. EDC's working capital facility will facilitate BlackBerry 
market share growth within Telefónica. 
"EDC's financing is really about making the transactions between BlackBerry 
and Telefónica easier, helping to enhance and broaden the relationship 
between these two major global players," said Lewis Megaw, Regional Vice 
President Africa Europe and the Middle East, EDC. 
EDC has provided financing to Telefónica since 2006 in support of its various 
Canadian procurement needs. 
Two-way trade between Canada and Spain reached CAD 2.6 billion in 2012, 
primarily in the ICT, Aerospace and Extractive sectors. Of that, over 500 
Canadian companies used EDC's services to undertake more than CAD 414.8 
million in trade with Spain in 2012. 
In 2012, over 1,000 Canadian exporters and investors in the ICT sector used 
EDC products and services to facilitate more than CAD 8.4 billion in 
international business. 
About EDC 
EDC is Canada's export credit agency, offering innovative commercial solutions 
to help Canadian exporters and investors expand their international business. 
EDC's knowledge and partnerships are used by more than 7,400 Canadian 
companies and their global customers in up to 200 markets worldwide each year. 
EDC is financially self-sustaining and a recognized leader in financial 
reporting and economic analysis. 
Phil Taylor Export Development Canada Tel: (613) 598-2904 ptaylor@edc.ca 
SOURCE: Export Development Canada 
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CO: Government of Canada
ST: Ontario
-0- Apr/04/2013 13:00 GMT
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