Telefonica receives $257 million credit line for Blackberry phones

MADRID (Reuters) - Telefonica, Europe's biggest telecoms operator by revenue, has received a 200 million euro ($257 million) financing facility from the Canadian export agency to buy BlackBerry smartphones and services. Export Development Canada (EDC) said the credit line to Telefonica would be used to provide BlackBerry products and services across Telefonica's international operations. Telefonica operates in more than a dozen fast-growing Latin American markets as well as its depressed home market of Spain and other European markets. ...

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