Tuesday, March 19, 2024

Canada loans Vodafone $850 million to help strengthen BlackBerry

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Canada is expressing its support for home-grown smartphone manufacturer with a massive 5-year, $850 million loan to British telecom giant Vodafone Group. Under the terms of the loan agreement, Vodafone will use $750 million to purchase services and products produced by BlackBerry, with the remaining $100 million used towards expanding smaller Canadian suppliers to to the carrier.

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