EXHIBIT 99.5

FOR IMMEDIATE RELEASE


                     CAI WIRELESS CLOSES INTERIM FINANCING


CONTACTS:                           CAI WIRELESS: James P. Ashman, CFO
                                    (518) 462-2632

                  MEDIA:            Anne B. Inman, APR or
                                    Lori Bookbinder
                                    LevLane Public Relations
                                    (610) 667-7313
                                    loribook@levlane.com

                INVESTOR RELATIONS: Jason Thompson
                                    Lippert/Heilshorn & Associates
                                    (212) 838-3777


      Albany, NY (June 6, 1997) - CAI Wireless Systems, Inc. (NASDAQ NM: CAWS)
announced today that it has closed its previously-announced interim financing
facility.  The credit facility, which terminates on March 1, 1999, includes $25
million of term loans which bear interest at 13% and a $5 million revolving
loan bearing interest at the prime rate plus 4-3/4%.  $10 million of the term
loans and $3 million of the revolving loan was made available to CAI at
closing.  The remaining installments of the term loan and revolving loan will
be available to CAI upon the achievement of certain operating benchmarks by
CAI.

      In connection with the closing, CAI paid various closing fees and costs
associated with the credit facility.  In addition, CAI issued warrants to the
lenders to purchase an amount of common stock equal to the maximum amount of
principal and interest outstanding on a 2-year, $1.5 million note bearing
interest at 14% issued by CAI as an additional fee to the lenders.  The
warrants are exercisable at a per share price equal to the lowest of (i) $1.90
per share, (ii) the lowest effective net price which CAI receives in any
recapitalization event, (iii) the 20-day trading average of CAI common stock
immediately following a recapitalization event, and (iv) the 20-day trading
average of CAI common stock immediately following confirmation of a plan or
reorganization under Chapter 11 of the Bankruptcy Code.

      The credit facility, which is secured by the assets of CAI, including a
pledge of the stock of its wholly-owned subsidiaries and the stock held by CAI
of CS Wireless Systems, Inc., an MMDS operator with markets primarily in the
midwestern and southwestern regions of the United States, is provided by
Foothill Capital Corporation and Canyon Capital Management, L.P., and is
permissible under the terms of CAI's existing senior debt.

      CAI, based in Albany, operates six analog-based wireless video systems in
New York City, Rochester and Albany, NY; Philadelphia, PA; Washington, DC; and
Norfolk/Virginia Beach, VA, and provides Internet access service in Rochester
and New York City.  CAI also owns a portfolio of wireless cable channel rights
in eight additional markets, including Long Island, Buffalo and Syracuse, NY;
Providence, RI; Hartford, CT; Boston, MA; Baltimore, MD; and Pittsburgh, PA.
CAI also owns approximately 48% of CS Wireless Systems, Inc.


      THE STATEMENTS CONTAINED IN THIS PRESS RELEASE RELATING TO CAI'S FUTURE
OPERATIONS CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION
21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.  ACTUAL RESULTS OF THE
COMPANY MAY DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS AND
MAY BE AFFECTED BY A NUMBER OF FACTORS INCLUDING THE ABILITY OF CAI TO ACHIEVE
THE OPERATING BENCHMARKS NECESSARY TO RECEIVE THE BALANCE OF THE TERM AND
REVOLVING LOANS DESCRIBED IN THIS PRESS RELEASE, THE RECEIPT OF REGULATORY
APPROVALS FOR ALTERNATIVE USES OF ITS MMDS SPECTRUM, THE AVAILABILITY OF NEW
STRATEGIC PARTNERS AND THEIR WILLINGNESS TO ENTER INTO ARRANGEMENTS WITH CAI,
THE TERMS OF SUCH ARRANGEMENTS, THE SUCCESS OF CAI'S TRIALS IN VARIOUS OF ITS
MARKETS, THE COMMERCIAL VIABILITY OF ANY ALTERNATIVE USE OF MMDS SPECTRUM,
CONSUMER ACCEPTANCE OF ANY NEW PRODUCTS OFFERED OR TO BE OFFERED BY CAI,
SUBSCRIBER EQUIPMENT AVAILABILITY, TOWER SPACE AVAILABILITY, ABSENCE OF
INTERFERENCE AND THE ABILITY OF CAI TO REDEPLOY OR SELL EXCESS EQUIPMENT, AS
WELL AS OTHER FACTORS CONTAINED HEREIN AND IN CAI'S SECURITIES FILINGS.
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