NATIONWIDE CELLULAR <NCEL> HAS BUY OPTION
Nationwide Cellular Service
Inc said it has acquired an option to purchase rights to about
4,000 subscribers from Americom L.A. Systems, a Los Angeles
reseller of mobile telephone service, for 2,750,000 dlrs.
    It said the option can be exercised within 120 days and
would mark its entry into the Los Angeles market. During the
option period, it said it will manage American L.A.'s
operations.
    The option is subject to negotiation of a definitive
agreement and the receipt of certified financial statements
from Americom.
 Reuter
