Hughes Aircraft Co. announced a five-year contract to supply BellSouth Corp. with a cellular telephone networking system. The deal, estimated at $ 400 million, will cover 54 cities across the South and is another step in Hughes’ retreat from defense projects.
Mattel Inc. announced a stock split Tuesday that effectively will raise its shareholders’ dividend by 25%. Holders of toy company stock will receive one additional share for every four they own on Dec. 17. The per-share quarterly dividend will remain 6 cents. The new shares will be issued on Jan. 7.
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Time Warner’s interactive cable test in Orlando selected Hitachi America Ltd. to provide the network multiplexing system. The system will hook up 4,000 homes, with construction to be completed before the end of the year and the first customers going on-line in April.
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Omni Films Intl. Inc. said it entered into contracts totaling $ 2 million for projects in Thailand, Turkey and the U.S. Omni said the largest contract is $ 1. 5 million for a theater with twin 25-seat Freedom Six platforms in a shopping center in Bangkok, scheduled for installation in the spring. Other contracts include a Magnavision Theater with the company’s PC-based event controller for Dollywood in Tennessee, and a Cinema 180 in Istanbul.