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OCOM ANNOUNCES MERGER WITH A SUBSIDIARY OF INTERNATIONAL CABLETEL INCORPORATED

 NEW YORK, Oct. 13 /PRNewswire/ -- OCOM Corporation (NASDAQ: OHCO) ("OCOM") announced today that pursuant to its previously announced agreement of merger, OCOM had today merged with a subsidiary of International CableTel Incorporated ("CableTel") and that each share of OCOM had accordingly been exchanged for a share of CableTel on a one- for-one basis. As a result, commencing tomorrow, the common stock of OCOM will begin trading as the common stock of CableTel under the NASDAQ symbol "ICTL."
 In addition, OCOM and CableTel announced that they will close tomorrow, subject to satisfaction of all closing conditions, the previously announced CableTel offerings of 10 million shares of common stock and $212 million principal amount of senior deferred coupon notes due 2003.
 -0- 10/13/93
 /CONTACT: Richard J. Lubasch of OCOM Corporation, 212-906-8440/
 (OHCO)


CO: OCOM Corporation; International CableTel Incorporated ST: New York IN: TLS SU: TNM

LD -- NY113 -- 1925 10/13/93 18:17 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
Words:154
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