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EDC provides $850M US in financing to Vodafone

Media | 12/16/2014 8:40 pm EST

Export Development Canada (EDC), a federal Crown corporation that loans money to foreign companies doing business with Canadian companies, said Tuesday it has loaned $850 million US to British-based telecommunications service provider Vodafone Group PLC. EDC said in a press release that the financing deal "will generate important connections and new business for many Canadian companies." The release noted that Vodafone is an "important" customer of BlackBerry Ltd. However, Carl Burlock, EDC's senior vice-president of financing and investment, said in the release:...