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.
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.
SOURCE: Export Development Canada
For further information:
Export Development Canada
Tel: (613) 598-2904