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 10, 1997
CELLULAR COMMUNICATIONS INTERNATIONAL, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-19363 13-3221852
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
110 East 59th Street, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212)906-8480
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On June 10, 1997, Cellular Communications International,
Inc. (the "Company"), announced that Omnitel Pronto Italia, the
Italian joint venture that is the second GSM cellular telephone
licensee in Italy has informed CCIL that retroactive to February
1997 Italy's Posts and Telecommunications Ministry has announced
a reduction of per minute interconnection fees from 200 lire to
140 lire (from approximately $.12 to $.08).
Although this level is still higher than the European
average of approximately $.05 (which in turn is more than twice
the interconnect rate in the United States), CCIL is pleased with
this initial reduction, and with the Ministry's announcement that
it will engage in a further review to determine whether there
should be additional reductions in the coming months.
A copy of the press release issued by the Company announcing
the above is attached hereto as an exhibit and incorporated
herein by reference.
Item 7. Financial Statements and Exhibits.
Exhibits
99 Press Release issued June 10, 1997.
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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 thereunto duly
authorized.
CELLULAR COMMUNICATIONS INTERNATIONAL, INC.
(Registrant)
By: \s\ Richard J. Lubasch
Name: Richard J. Lubasch
Title: Senior Vice President, Secretary
and General Counsel
Dated: June 11, 1997
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EXHIBIT INDEX
Exhibit Page
99 Press Release issued on June 10, 1997.
EXHIBIT 99
[LOGO OF CELLULAR COMMUNICATIONS INTERNATIONAL, INC.]
FOR IMMEDIATE RELEASE
CELLULAR COMMUNICATIONS INTERNATIONAL, INC. ANNOUNCES
REDUCTION IN INTERCONNECTION FEES
New York, New York, (June 10, 1997) CELLULAR
COMMUNICATIONS INTERNATIONAL, INC. (Nasdaq: CCIL) announced today
that Omnitel Pronto Italia, the Italian joint venture that is the
second GSM cellular telephone licensee in Italy has informed CCIL
that retroactive to February 1997 Italy's Posts and
Telecommunications Ministry has announced a reduction of per
minute interconnection fees from 200 lire to 140 lire (from
approximately $.12 to $.08).
Although this level is still higher than the European
average of approximately $.05 (which in turn is more than twice
the interconnect rate in the United States), CCIL is pleased with
this initial reduction, and with the Ministry's announcement that
it will engage in a further review to determine whether there
should be additional reductions in the coming months.
CCIL's activities to date have focused on participating
in strategic joint ventures with other companies to acquire and
operate overseas cellular telephone systems. Currently, CCIL's
primary asset is its participation in Omnitel Pronto Italia,
which began offering commercial service in December 1995 and
currently has over 1,000,000 subscribers.
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For further information contact: William B. Ginsberg, President,
Stanton N. Williams, Vice President-Chief Financial Officer or
Richard J. Lubasch, Senior Vice President-General Counsel at
(212) 906-8480.
