Colorado Springs, Colorado-based American Telecasting Inc signed four letters of intent to acquire five wireless cable television – why not call it cellular television? – systems for about $85m in cash and shares: they cover 1.2m homes in Oklahoma City; Las Vegas; Lakeland, Florida; Wichita, Kansas; and Casey, Illinois and generated about $3m in cash flow in 1993; it is also buying systems in California, Florida, Nebraska and Hawaii.
