Cellular Communications of Puerto Rico Inc/DE – ‘8-K’ for 7/16/99

On:  Wednesday, 7/28/99   ·   For:  7/16/99   ·   Accession #:  950172-99-962   ·   File #:  0-19869-99

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2±     9K 
 2: EX-99       Exhibit 99.1 - Press Release                           1      6K 

8-K   —   Current Report
Document Table of Contents

SECURITIES AND EXCHANGE COMMISSION    
WASHINGTON, D.C. 20549    

FORM 8-K    

CURRENT REPORT    
PURSUANT TO SECTION 13 OR 15(d) OF THE    
SECURITIES EXCHANGE ACT OF 1934     

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JULY 16, 1999    

CELLULAR COMMUNICATIONS OF PUERTO RICO, INC.    
(Exact Name of Registrant as Specified in Charter)    

Delaware                    0-19869             13-3927257      
(State or Other Jurisdiction      (Commission          (IRS Employer            
of Incorporation)             File Number)         Identification No.)  

110 East 59th Street, New York, New York                     10022              
(Address of Principal Executive Offices)                  (Zip Code)            

Registrant's Telephone Number, including area code (212) 355-4366               

(Former Name or Former Address, if Changed Since Last Report)     

Item 5.   Other Events.                                                         

On July 16, 1999, Cellular Communications of Puerto Rico, Inc.      
("Company") announced that the acquisition of the Company by SBC                
Communications Inc. ("SBC") was approved by the Company's shareholders at a     
special meeting held that day. The transaction is valued at $814 million or     
$29.50 per share. Under the terms of the transaction, SBC will pay              
approximately $464 million in cash and will assume $350 million in              
long-term debt. In addition, based on information provided by SBC, the          
Company expects that promptly following the consummation of the                 
transaction, Telephonos de Mexico S.A. de C.V will purchase an interest in      
the subsidiary of SBC that will hold the surviving company after the            
acquisition.                                                                    

Item 7.   Financial Statements and Exhibits                                     

Exhibits                                                

99.1        Press release, dated July 16, 1999                                  

SIGNATURES    

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by        
the undersigned thereunto duly authorized.                                      

               CELLULAR COMMUNICATIONS
            OF PUERTO RICO, INC.
                (Registrant)

                  By: /s/ Richard J. Lubasch
                              ------------------------------
                  Name:   Richard J. Lubasch
                             Title:  Senior Vice President-General
                                 Counsel and Secretary

Dated: July 28, 1999                                                            

EXHIBIT INDEX     

Exhibit                                                                Page     

99.1        Press release, dated July 16, 1999                                  

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		7/28/99		None on these Dates
For Period End:		7/16/99
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