Vodafone to get C$850 million Canada finance, mainly for BlackBerry

By Staff Reporter | Dec 16, 2014 07:04 AM EST

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British mobile phone operator Vodafone Group PLC (VOD.L) will get C$850 million ($726 million) in Canadian trade financing to help it buy enterprise services from BlackBerry Ltd (BB.TO), Ottawa said on Tuesday.

Export Development Canada (EDC) said that C$750 million would go to BlackBerry, while the remaining C$100 million was for future procurement from Canadian suppliers.

"Vodafone's global presence makes it a company that Canada's telecom sector has to have a relationship with," EDC Senior Vice-President Carl Burlock said in a statement.

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