The Federal Communications Commission’s approval of Google’s Project Look technology — which will enable fast recovery of telecommunications services in Puerto Rico — is a “leap forward” in the use of new technology to put the island back online, said Telecommunications Regulatory Board President Sandra Torres.
The Puerto Rico Housing Finance Authority confirmed that in the wake of Hurricane María, it agency will offer an automatic three-month moratorium on payments for single-family mortgage loans and the “Casa Mía” program through November.
In what could represent the first positive for Puerto Rico in its litigation with creditors and insurance companies over debt repayment, two monoline insurers — National Public Finance Guarantee Corp. and Assured Guaranty withdrew their complaints against the Commonwealth’s Fiscal Plan.
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