IDB Communications, Swissair agreed on telephone venture.IDB (ITS Data Bus) An interface between devices in an automobile endorsed by the Society of Automotive Engineers (SAE). Designed to fulfill the goal of Intelligent Transportation Systems (ITS), the ITS Data Bus enables engine diagnostic equipment, GPS navigation systems, Communications, Swissair Swissair (Swiss Air Transport Company Limited) was the former national airline of Switzerland. It was formed of a merger between Balair and Ad Astra Aero (To the Stars), in 1931. agreed on telephone venture CULVER CITY Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. - IDB Communications Group Inc., a satellite transmission service company, last week agreed on a joint venture with Swissair to develop an airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. telephone service in Europe. The joint venture is the result of a private placement of 325,000 shares of IDB common stock at $13 a share to the Zurich, Switzerland-based airline. The placement netted $4 million to IDB and will represent 5 percent of IDB common stock. IDB recently entered into a similar agreement with Teleglobe Canada Inc. to get an approximate 15 percent cut of the potential $1 billion-a-year satellite airplane telephone business. |
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