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CENCALL COMMUNICATIONS CORP. ANNOUNCES PUBLIC OFFERING OF SENIOR REDEEMABLE DISCOUNT NOTES

 DENVER, Jan. 7 /PRNewswire/ -- CenCall Communications Corp. (NASDAQ: CCAL) announced today the public offering of its Senior Redeemable Discount Notes. CenCall is one of the largest operators of specialized mobile radio (SMR) wireless communications services in the United States, with a service area that will encompass, upon the completion of previously announced transactions, 42 million people in the central and western United States.
 The notes, due Jan. 15, 2004, were priced at $609.94 per $1,000 principal amount at maturity, with a yield to maturity of 10.125 percent, computed on a semi-annual bond equivalent basis. The offering was managed by Merrill Lynch & Co.
 The net proceeds of the offering of approximately $240 million will be used to fund capital expenditures and working capital requirements related to the build-out of CenCall's high-capacity digital mobile networks, as well as to fund future acquisitions. CenCall's goal is to provide mobile telephone, dispatch, messaging and data services in a 17-state service area using its digital mobile network.
 Stephen Schovee, chief executive officer of CenCall, said, "We are pleased to have completed the bond financing at attractive terms, providing CenCall with the bulk of the financing required to develop our digital network."
 Justin Jaschke, president of CenCall, added, "CenCall is now positioned with the radio spectrum, management team and financing to build the wireless communications network of the future in our markets."
 CenCall plans to initiate service on its digital mobile networks in Denver and the Colorado Front Range, Seattle and Portland during the second quarter of 1994, and in Kansas City, Oklahoma City, Tulsa and Wichita during the fourth quarter of 1994.
 -0- 1/7/94
 /CONTACT: Mark Peters, treasurer and controller of CenCall Communications, 303-765-3400; or Jeff Zilka, senior VP of Hill and Knowlton, 312-565-1200, ext. 526/
 (CCAL)


CO: CenCall Communications Corp. ST: Colorado IN: TLS SU: OFR

JL-MC -- LA013 -- 0188 01/07/94 13:42 EST
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Publication:PR Newswire
Date:Jan 7, 1994
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