NEW YORK-Cellular Communications International Inc. obtained a commitment from DLJ Bridge Finance Inc. to purchase up to $80 million in the aggregate principal amount of senior unsecured notes. The money is to be used primarily to fund the repayment of bank debt due June 12 and certain capital contributions to Omnitel-Sistemi Radiocellulari Italiani S.p.A.
Through its 14.7 percent interest in Omnitel, Cellular Communications International holds a 10.3 percent interest in the second Global System for Mobile communications cellular license in Italy, Omnitel Pronto Italia S.p.A. Commercial operation of the OPI system is scheduled to begin in this year’s fourth quarter.
