Satellite Communications
SBS Planning Expansion of Its Markets
Washington—Satellite Business Systems is planning a seven-fold increase in the number of metropolitan telecommunications markets served by its public Earth station network to capture a 5% share of U. S. long-distance traffic. The partners, IBM Corp., Aetna Life & Casualty and Communications Satellite Corp., have agreed to contribute $200 million a year of new capital into the 1990s, according to Stephen B. Schwartz, SBS chief executive.