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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): JUNE 15, 1998
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INTERNATIONAL WIRELESS COMMUNICATIONS HOLDINGS INC.
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Exact Name of Registrant as Specified in Charter
DELAWARE 333-21687 94-3248701
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(State or other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
400 SOUTH EL CAMINO REAL, SUITE 1275
SAN MATEO, CALIFORNIA 94402
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(Address of Principal Executive Offices)
Registrant's telephone number including area code: (650) 548-0808
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N/A
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(Former Name or Former Address if Changed Since Last Report
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Item 5. Other Events
A. Four of the Registrant's eight person board of directors have
resigned, as follows:
Name Date of Resignation
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John Lockton 15 June 1998
John McCarthy 15 June 1998
Sandy Antignas 16 June 1998
Carl Cordova 16 June 1998
B. Prior to 17 June 1998, the Company, indirectly through its
wholly-owned subsidiary, IWC China Limited, owned a 40% equity
interest in Star Digitel Limited ("SDL"). Under the SDL
Subscription Agreement, among other things, IWC China Limited was
obligated to complete a second subscription of SDL shares for an
aggregate subscription price of US $19 million not later than 17
June 1998. IWC China Limited did not complete any of its
obligations in respect of said second subscription on 17 June 1998.
As a consequence, it is likely the equity interest of IWC China
Limited in SDL will be materially diluted.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTERNATIONAL WIRELESS COMMUNICATIONS
HOLDINGS, INC.
By /s/ Keith D. Taylor
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Name: Keith D.Taylor
Title: Vice President and Acting Chief
Financial Officer
Date: June 24, 1998
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