CELLULAR INC <CELS.O> TO SELL UNIT, TAKE GAIN
Cellular Inc said it reached a definitive
agreement to sell assets of its wholly owned Michigan Cellular
Inc to Century Telephone Enterprises Inc <CTL> and add 28 cts a
share to the year's earnings as a result.
    It said the sale, subject to regulatory approval,
represents a capital gain in excess of 800,000 dlrs over the
original price paid by Cellular for its cellular interests in
Michigan, acquired in December 1986.
 Reuter
