Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. ....)*
- - ---------------------------------------------------------------
(Name of Issuer)
Cellular Communications of Puerto Rico, Inc.
- - -------------------------------------------------
(Title of Class of Securities)
Common Stock
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(CUSIP Number)
15116N108
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(Date of Event Which Requires Filing of this Statement)
December 31, 1998
Check the appropriate box to designate the
rule pursuant to which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out
for a reporting person's
initial filing on this form with
respect to the subject class of securities, and for
any subsequent amendment containing information which
would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this
cover page shall not be deemed
to be "filed" for the
purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall
be subject to all other provisions of the Act
(however, see the Notes).
________________________________________________
CUSIP No. 15116N108
(1) Names of reporting persons.
I.R.S. Identification Nos. of
above persons(entities only)
.NWQ Investment Management Company, Inc.
04-3161875
(2) Check the appropriate box if a
member of a group (a)
(see instructions)
(b)
(3) SEC use only.
(4) Citizenship or place of
organization.Massachusetts
Number of shares beneficially owned by
each reporting person with:
(5) Sole voting power.780,046
(6) Shared voting power.None
(7) Sole dispositive power.780,046
(8) Shared dispositive power.None
(9) Aggregate amount beneficially owned
by each reporting person.780,046
(10) Check if the aggregate amount in
Row (9) excludes certain shares (see
instructions).
(11) Percent of class represented
by amount in Row (9).5.9%
(12) Type of reporting person
(see instructions).IA
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Item 1(a) Name of issuer:
Cellular Communications of Puerto Rico,Inc.
Item 1(b) Address of issuer's offices:
110 East 59th Street, New York, NY 10022--.
2(a) Name of person filing:
NWQ Investment Management Company, Inc.
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2(b) Address or principal business office or, if none, residence:
2049 Century Park East, 4th Floor, Los Angeles, CA 90067
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2(c) Citizenship:
Massachusetts
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2(d) Title of class of securities:
Common Stock
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2(e) CUSIP No.:
15116N108
--
Item 3. If this statement is filed pursuant
to 240.13D-1(b)
or 240.13D-2(b)
or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under
section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined in section 3(a)(6)
of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined
in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [X] An investment adviser in accordance
with 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or
endowment fund in accordance with 240.13d-1
(b)(1)(ii)(F);
(g) [ ] A parent holding company or control
person in accordance with 240.13d-1
(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition
of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 240.13d-1
(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount beneficially owned: ----- 780,046
(b) Percent of class: -----5.9%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote ----- 780,046
(ii) Shared power to vote or to direct the vote -----Inapplicable.
(iii) Sole power to dispose or to direct the disposition of
----- 780,046.
(iv) Shared power to dispose or to direct the disposition of
----- Inapplicable
Item 5. Ownership of 5 Percent or Less of a Class. If this statement
is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than
5 percent of the class of securities, check the following [ ].
Item 6. Ownership of More than 5 Percent on Behalf of Another Person.
---Inapplicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding Company
or Control Person. - Inapplicable
Item 8. Identification and Classification of Members of the Group
Inapplicable
Item 9. Notice of Dissolution of Group.
Inapplicable
Item 10. Certifications
(a) The following certification shall be included if the
statement is filed pursuant to 240.13d-1(b):
By signing below I certify that, to the best
of my knowledge and belief, the securities
referred to above were acquired and are held
in the ordinary course of business and were not
acquired and are not held for the purpose of or
with the effect of changing or influencing the
control of the issuer of the securities and were
not acquired and are not held in connection with
or as a participant in any transaction having that
purpose or effect.
Signature. After reasonable inquiry and to the best
of my knowledge and belief, I certify that the
information set forth in this statement is true,
complete and correct.
Dated:
February 10, 1999
Signature.
/s/ Mary-Gene Slaven
Name/Title.
Managing Director
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If the
statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner
of the filing person, evidence of the representative's authority
to sign on behalf of such person shall be filed with the statement,
Provided, however, That a power of attorney for this purpose which
is already on file with the Commission may be in me and any title
of each person who signs the statement shall be typed or printed
beneath his signature.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Rule 13d-7 for other parties for whom copies are to be sent.
ATTENTION: Intentional misstatements or omissions of fact
constitute Federal criminal violations (see 18 U.S.C. 1001).
