Exhibit 11.2
                           CAI WIRELESS SYSTEMS, INC. AND SUBSIDIARIES
                           Computation of Fully Diluted Loss Per Common Share
                           For the Six-Month Period Ended September 30, 1996



Loss applicable to common stock shareholders                      $ (47,747,813)
  Less: Preferred stock dividends                                     6,270,364

Net loss used to calculate fully diluted loss per
  common share, before adjustments                                  (36,477,449)

LESS : ADJUSTMENTS
Interest expense on term notes assumed to be
   converted, net of deferred tax effect.......................       1,458,000
Interest expense reduction resulting from the assumed
   proceeds from exercise of warrants and options in
   excess of the 20 % buyback applied against
   short and long term debt,
   net of deferred tax effect...................................      6,300,000
Adjusted net loss                                                  $(28,719,449)
Weighted average fully diluted loss per common share                  $ (0.40)
Weighted average common and equivalent
  shares outstanding as of September 30, 1996                        39,638,851
ADD SHARES ASSUMING CONVERSION OF :
Warrants, BANX                                                       36,751,083
Warrants, other                                                       2,235,541
Options                                                               1,274,134
Series A preferred stock                                                115,500
Treasury stock repurchase with proceeds                              (8,076,957)

   Weighted average number of shares
   used to compute fully diluted loss
   per common share                                                  71,938,152



a.  Interest expense reduction resulting from excess proceeds ( over 20 % 
    treasury stock purchase) used to reduce debt is calculated based on actual 
    interest expense incurred on the Senior Notes.

b.  Treasury stock method used to the extent of the 20% limit on the shares 
    outstanding as of September 30, 1996.
        
This calculation is submitted in accordance with Regulation S-K item 601(b)(11) 
although it is contrary to paragraph 40 of APB Opinion No. 15 because it
produces an anti-dilutive result.