Advertisement
Canada markets closed
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7297
    -0.0000 (-0.00%)
     
  • CRUDE OIL

    82.83
    +0.02 (+0.02%)
     
  • Bitcoin CAD

    88,073.24
    -2,954.34 (-3.25%)
     
  • CMC Crypto 200

    1,383.19
    -40.91 (-2.87%)
     
  • GOLD FUTURES

    2,328.40
    -10.00 (-0.43%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • NASDAQ futures

    17,470.75
    -193.75 (-1.10%)
     
  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • CAD/EUR

    0.6818
    -0.0001 (-0.01%)
     

UPDATE 1-India tells public to shun Musk-backed Starlink until it gets licence

(Adds comment from Starlink)

NEW DELHI, Nov 27 (Reuters) - The Indian government advised people against subscribing to 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. It has begun advertising, and according to the government, it has started pre-selling its service.

ADVERTISEMENT

Responding to a Reuters email, Starlink said: "No comment for now".

A growing number of companies are launching small satellites as part of a low-Earth orbiting network to provide low-latency broadband internet services around the world, with a particular focus on remote areas that terrestrial internet infrastructure struggles to reach.

(Reporting by Nidhi Verma; additional reporting by Aditi Shah, Editing by Simon Cameron-Moore)