Tahani's dress on The Good Place is a winner.View Entire Post ›
Starlink Internet Services, a division of billionaire Elon Musk's SpaceX aerospace company, as it does not have a licence to operate in the country. A government statement issued late on Friday said Starlink had been told to comply with regulations and refrain from "booking/rendering the satellite internet services in India with immediate effect". Starlink registered its business in India on Nov.1.
The financing proposal will include a mix of new equity, convertible notes and debt, the group said in a statement, adding that it intends to launch an $800 million equity rights offering to shareholders, upon confirmation of the plan. "While our process is not yet over, we have reached a critical milestone in the path to a stronger financial future," said Roberto Alvo, chief executive of the largest airline in Latin America. Recently, LATAM said it received several offers to fund the exit from Chapter 11 bankruptcy, each of which are worth more than $5 billion.