EXHIBIT 99.2

 CAI WIRELESS SYSTEMS, INC. COMMON STOCK TO BE DE-LISTED FROM THE NASDAQ
                          SMALLCAP MARKET{ SM}


     Albany, NY, January 12, 1998 - CAI Wireless Systems, Inc. ("CAI")
(Nasdaq: CAWS) was notified today by The National Stock Market, Inc.
("NASD") that beginning January 13, 1998, its Common Stock will no longer
be listed on The Nasdaq SmallCap Market{SM}.  CAI believes that its
Common Stock is eligible for inclusion on the Electronic Bulletin Board
system, and expects the shares to be traded on this system beginning on
January 13, 1998 under the "CAWS" symbol.

     As previously announced, the NASD recently transferred trading of
the CAI Common Stock from the Nasdaq National Market<reg-trade-mark> to
The Nasdaq SmallCap Market{SM}, on the condition that CAI comply with the
$1.00 per share bid price maintenance requirement for the period from
January 8 through January 20, 1998.  The CAI Common Stock closed at 31/32
on Friday, January 9, 1998, prompting the NASD's action.

     CAI, based in Albany, operates six analog-based wireless systems in
New York City, Rochester and Albany, NY; Philadelphia, PA; Washington,
DC; and Norfolk/Virginia Beach, VA, and provides Internet access services 
in Boston, Rochester and New York City.  CAI also owns a portfolio of
wireless 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 is the holder of
approximately 51% of CS Wireless Systems, Inc., an MMDS operator based in
Plano, TX.