<PAGE>   1
                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549


(MARK ONE)

(x)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the quarterly period ended September 30, 1998
                                    ------------------

                                       OR

( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
     SECURITIES EXCHANGE ACT OF 1934

     For the transition period from               to
                                    --------------  ----------------

                        Commission File Number: 333-10161

                              Sygnet Wireless, Inc.
                              ---------------------
             (Exact name of registrant as specified in its charter)

              Ohio                                         34-1689165
 ------------------------------                            -------------------
 (State or other jurisdiction of                           (I.R.S. Employer
 incorporation or organization)                            Identification No.)

 6550-B Seville Drive, Canfield, Ohio                             44406
 ----------------------------------------                       ----------
 (Address of principal executive offices)                       (Zip Code)

                  (330) 565-1000
----------------------------------------------------
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                 (x) Yes ( ) No



<PAGE>   2


                                      INDEX

                              SYGNET WIRELESS, INC.
                                    FORM 10-Q
                         PERIOD ENDED SEPTEMBER 30, 1998


PART I  -  FINANCIAL INFORMATION
--------------------------------

     Item 1.      Financial Statements (Unaudited)

                  Consolidated Balance Sheets as of September 30, 1998 and
                  December 31, 1997

                  Consolidated Statements of Operations for the Three Months
                  Ended September 30, 1998 and September 30, 1997 and the Nine
                  Months Ended September 30, 1998 and September 30, 1997

                  Consolidated Statements of Cash Flows for the Nine Months
                  Ended September 30, 1998 and September 30, 1997

                  Notes to Consolidated Financial Statements

     Item  2.     Management's Discussion and Analysis of Financial Condition
                  and Results of Operations

PART II  -  OTHER INFORMATION
-----------------------------

     Item 4.      Submission of Matters to a Vote of Security Holders

     Item 6.      Exhibits and Reports on Form 8-K







                                       2
<PAGE>   3

                              SYGNET WIRELESS, INC.
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                 SEPTEMBER 30       DECEMBER 31
                                                                                     1998              1997
                                                                                -------------     -------------
<S>                                                                             <C>               <C>          
ASSETS                                                                           (UNAUDITED)          (NOTE)
Current assets:
   Cash and cash equivalents                                                    $     467,124     $     860,086
   Accounts receivable, less allowance for doubtful accounts of $565,862 at
     September 30, 1998 and $809,800 at December 31, 1997                          13,506,769        10,711,627
   Inventory                                                                        1,539,169         1,867,445
   Prepaid expenses                                                                   929,915           309,460
                                                                                -------------     -------------
         Total current assets                                                      16,442,977        13,748,618

Other assets:
   Cellular licenses - net                                                        241,062,311       245,866,235
   Customer lists - net                                                            15,527,090        19,382,087
   Deferred financing costs - net                                                   8,126,156         8,982,430
                                                                                -------------     -------------
         Total other assets                                                       264,715,557       274,230,752
Property, plant and equipment--net                                                 52,137,706        53,007,015
                                                                                -------------     -------------
         Total assets                                                           $ 333,296,240     $ 340,986,385
                                                                                =============     =============

LIABILITIES AND SHAREHOLDERS' EQUITY 
Current liabilities:
   Accounts payable                                                             $   1,807,017     $   3,264,206
   Deferred revenue                                                                 2,381,739         2,058,066
   Accrued expenses and other liabilities                                           4,591,172         4,196,230
   Interest payable                                                                 9,533,632         6,749,755
                                                                                -------------     -------------
          Total current liabilities                                                18,313,560        16,268,257


Long-term debt                                                                    302,644,000       305,500,000
Shareholders' equity:
   Common shares, $.01 par, Class A, 1 vote per share, 60,000,000 shares
     authorized, 4,734,091 shares issued and outstanding as of September 30,
     1998; 4,010,653 shares issued and outstanding as of December 31, 1997             47,341            40,107
   Common shares, $.01 par, Class B, 10 votes per share; 10,000,000 shares
     authorized, 4,436,539 shares issued and outstanding as of September 30,
     1998; 5,159,977 shares issued and outstanding as of December 31,1997              44,365            51,599
   Additional paid-in capital                                                      47,598,498        47,598,498
   Retained deficit                                                               (35,101,572)      (28,222,124)
   Note receivable from officer/shareholder                                          (249,952)         (249,952)
                                                                                -------------     -------------
          Total shareholders' equity                                               12,338,680        19,218,128
                                                                                -------------     -------------
          Total liabilities and shareholders' equity                            $ 333,296,240     $ 340,986,385
                                                                                =============     =============
</TABLE>

Note: The balance sheet at December 31, 1997 has been derived from the audited
consolidated financial statements at that date but does not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements.


                                       3
<PAGE>   4


                              SYGNET WIRELESS, INC.
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)


<TABLE>
<CAPTION>
                                                            THREE MONTHS ENDED                        NINE MONTHS ENDED
                                                               SEPTEMBER 30,                            SEPTEMBER 30,
                                                          1998               1997                  1998              1997
                                                   --------------------------------------   -------------------------------------

<S>                                                <C>                <C>                   <C>               <C>             
Revenue:
   Subscriber revenue                              $     16,510,322   $     13,975,115      $     46,738,516  $     38,531,124
   Roamer revenue                                        10,167,682          8,112,424            24,752,828        19,868,262
   Equipment sales                                        1,602,148          1,129,792             4,252,652         3,050,594
   Other revenue                                            402,955            439,900             1,190,063         1,307,703
                                                   --------------------------------------   -------------------------------------
Total revenue                                            28,683,107         23,657,231            76,934,059        62,757,683

Costs and expenses:
   Cost of services                                       3,254,611          2,810,101             9,004,943         7,175,048
   Cost of equipment sales                                2,828,903          2,396,778             7,789,947         6,806,047
   General and administrative                             5,205,591          4,286,956            14,664,517        11,666,527
   Selling and marketing                                  3,256,956          2,676,800             9,056,770         7,465,863
   Depreciation and amortization                          6,823,590          7,385,487            21,343,437        21,142,930
                                                   --------------------------------------   -------------------------------------
Total costs and  expenses                                21,369,651         19,556,122            61,859,614        54,256,415
                                                   --------------------------------------   -------------------------------------

Income from operations                                    7,313,456          4,101,109            15,074,445         8,501,268

Other:
   Interest expense, net                                  7,244,992          7,316,422            21,612,673        22,558,545
   Other                                                     64,478            (17,209)              341,220            (6,174)
                                                   --------------------------------------   -------------------------------------
Net income (loss)                                  $          3,986   $     (3,198,104)     $     (6,879,448) $    (14,051,103)
                                                   ======================================   =====================================


Earnings per share information:
   Net income (loss)                               $          3,986   $     (3,198,104)     $     (6,879,448) $    (14,051,103)

   Preferred stock dividend and accretion                    -                  -                     -             (2,121,472)
                                                   --------------------------------------   -------------------------------------
   Net income (loss) applicable to common
   shareholders                                    $          3,986   $     (3,198,104)     $     (6,879,448) $    (16,172,575)
                                                   ======================================   =====================================

   Net income (loss) per share applicable to
   common shareholders                             $         -        $           (.35)     $           (.75) $          (2.21)
                                                   ======================================   =====================================
Common shares outstanding                                 9,170,630          9,170,630             9,170,630         7,302,498
                                                   ======================================   =====================================
</TABLE>







                                       4
<PAGE>   5

                              SYGNET WIRELESS, INC.
                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)


<TABLE>
<CAPTION>
                                                       FOR THE NINE MONTHS ENDED
                                                               SEPTEMBER 30,
                                                     ------------------------------
                                                          1998            1997
                                                     ------------------------------

<S>                                                  <C>              <C>          
OPERATING ACTIVITIES
Net loss                                             $ (6,879,448)    $(14,051,103)
Adjustments to reconcile net
   loss to net cash provided by
   operating activities:
     Depreciation                                      11,828,239       11,614,565
     Amortization                                       9,515,198        9,528,365
     Loss (gain) on disposal of assets                    109,104          (14,358)
     Changes in operating assets and liabilities:
         Accounts receivable                           (2,795,142)      (2,269,177)
         Inventory                                        328,276          413,076
         Prepaid and deferred expenses                   (620,455)         188,487
         Accounts payable and accrued expenses           (738,574)         732,773
         Accrued interest payable                       2,783,877          982,713
                                                     ------------------------------
Net cash provided by operating activities              13,531,075        7,125,341

INVESTING ACTIVITIES
Business acquisition                                            -         (599,442)
Purchases of property and equipment                   (11,468,537)     (16,979,123)
Proceeds from sale of assets                              400,500           20,995
                                                     ------------------------------
Net cash used in investing activities                 (11,068,037)     (17,557,570)

FINANCING ACTIVITIES
Proceeds from long-term debt                           16,894,000       23,500,000
Principal payments on long-term debt                  (19,750,000)     (35,250,000)
Increase in financing costs                                     -         (308,666)
Redemption of preferred stock                                   -      (21,839,451)
Net proceeds from sale of common stock                          -       43,875,000
                                                     ------------------------------
Net cash (used in) provided by financing activities    (2,856,000)       9,976,883

Decrease in cash and cash equivalents                    (392,962)        (455,346)

Cash and cash equivalents at beginning of period          860,086        2,257,748
                                                     ------------------------------
Cash and cash equivalents at end of period           $    467,124     $  1,802,402
                                                     ==============================
</TABLE>




                                       5
<PAGE>   6

                              SYGNET WIRELESS, INC.
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1.       DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

   These financial statements include the consolidated accounts of Sygnet
   Wireless, Inc. (the Company) and its wholly-owned subsidiary Sygnet
   Communications, Inc. (Sygnet). The Company owns and operates cellular
   telephone systems serving one large cluster with an approximate population of
   2.4 million in Northeastern Ohio, Western Pennsylvania and Western New York.

   The accompanying unaudited consolidated financial statements have been
   prepared in accordance with generally accepted accounting principles for
   interim financial information and with the instructions to Form 10-Q and
   Article 10 of Regulation S-X. Accordingly, they do not include all of the
   information and footnotes required by generally accepted accounting
   principles for complete financial statements. In the opinion of management,
   all adjustments (consisting of normal recurring accruals) considered
   necessary for a fair presentation have been included. Operating results for
   the nine-month period ended September 30, 1998 are not necessarily indicative
   of the results that may be expected for the year ended December 31, 1998. For
   further information, refer to the consolidated financial statements and notes
   thereto included in the Company's annual report on Form 10-K for the fiscal
   year ended December 31, 1997 (File No. 333-10161) filed with the Securities
   and Exchange Commission.

2.       AGREEMENT AND PLAN OF MERGER

   On July 28, 1998, the Company entered into an Agreement and Plan of Merger
   (Merger) with a subsidiary of Dobson Communications Corporation (Dobson)
   pursuant to which Dobson will acquire all outstanding shares of common stock
   of the Company for an aggregate amount of $337.5 million, or approximately
   $34.51 per share. The agreement is pending regulatory approval and is
   expected to close in the fourth quarter of 1998.

3.       LONG-TERM DEBT

   The Company has $110 million 11 1/2% unsecured Senior Notes due October 1,
   2006 (the Notes). The Notes pay interest semiannually on April 1 and October
   1 of each year. The Notes are redeemable at the option of the Company at
   redemption prices (expressed as a percentage of principal amount) ranging
   from 105.75% in 2001 to 100.00% in 2005 and thereafter. Among other things,
   the Notes contain certain covenants which limit additional indebtedness,
   payment of dividends, sale of assets or stock, changes in control and
   transactions with related parties.

   Sygnet has a financing agreement (the Bank Credit Facility) with a commercial
   bank group. The Bank Credit Facility is a senior secured reducing revolver
   that provides Sygnet the ability to borrow up to $300 million through June
   30, 1999. Mandatory reductions in the revolver occur quarterly thereafter
   through June 30, 2005, when the Bank Credit Facility terminates. The Bank
   Credit Facility is secured by certain assets and the stock of Sygnet. The
   Bank Credit Facility provides for various borrowing rate options based on
   either a fixed spread over the London Interbank Offered Rate (LIBOR) or the
   prime rate. As of September 30, 1998 the amount outstanding under the Bank
   Credit Facility is $192.6 million.

4.       REDEEMABLE PREFERRED STOCK AND WARRANTS

   On April 3, 1997, 100,000 shares of Series A Senior Cumulative Nonvoting
   Preferred Stock (Preferred Stock), were redeemed by the Company at a cost of
   $10 million which was funded by the Bank Credit Facility. On June 20, 1997,
   the remaining 118,394.51 shares of Preferred Stock were redeemed by the
   Company at a cost of $11,839,451. This redemption was funded by the Common
   Stock Sale described in Note 5.

   The Preferred Stock had a redemption value of $100 per share and was recorded
   at fair value on the date of issuance less issuance costs. Dividends were
   cumulative from the date of issuance, accrued quarterly in arrears and were
   payable in shares of Preferred Stock. The dividend rates increased annually
   from 15% in 1997 to 21% in 2000 and thereafter. The Preferred Stock included
   the potential issuance of warrants to purchase shares of the Company's Class
   A Common Stock. For financial reporting purposes, the estimated fair value of
   the warrants was included with the Preferred Stock in the accompanying
   balance sheet and the excess of the redemption value of the Preferred Stock
   over the carrying value was accreted by periodic charges to additional
   paid-in capital over the life of the issue. No warrants were issued.

   The Company has authorized 5 million shares of Nonvoting Preferred Stock, par
   value $.01 per share, of which 500,000 are designated as Series A Senior
   Cumulative Nonvoting Preferred Stock.


                                       6
<PAGE>   7


5.       SHAREHOLDERS EQUITY

   On June 20, 1997, the Company issued and sold 3,000,000 shares of Class A
   Common Stock, $.01 par value, to Boston Ventures Limited Partnership V
   (Boston Ventures) at a price of $15 per share (Common Stock Sale). The
   proceeds of $43.9 million, net of issuance fees, were used to redeem the
   remaining outstanding Preferred Stock as described in Note 4, and to reduce
   amounts outstanding under the Bank Credit Facility. As a condition of the
   Common Stock Sale, Boston Ventures has two representatives on the Company's
   eleven member board of directors.

   In August 1997, Boston Ventures purchased 1,000,000 shares of Class B Common
   Stock from shareholders pursuant to a tender offer which, upon purchase,
   became Class A Common Stock.

6.       COMMITMENTS AND CONTINGENCIES

   In accordance with the Merger (see Note 2) the Company may be liable to pay
   severance benefits and incentive compensation for an approximate amount of
   $1.9 million to certain employees if the Merger occurs and certain other
   conditions are met before December 31, 1998.

   On June 8, 1998, the Company entered into an agreement with Pinellas
   Communications to purchase the license to operate a cellular telephone system
   in the Rural Service Area PA-2. The purchase price is $6 million and the
   transaction is expected to close in the fourth quarter of 1998.





                                       7
<PAGE>   8

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis should be read in conjunction with the
Company's unaudited consolidated financial statements and the notes thereto
appearing elsewhere in this report. The Company's operating results for the
periods discussed may not be indicative of future performance. In the text
below, financial statement numbers have been rounded, however, the percentage
changes are based on the actual financial statements.

THE COMPANY'S HISTORICAL RESULTS OF OPERATIONS
THREE MONTHS ENDED SEPTEMBER 30, 1998 COMPARED TO THREE MONTHS ENDED SEPTEMBER
30, 1997

For the three months ended September 30, 1998, the Company's total revenue
increased by 21.2% to $28.7 million, from $23.7 million in the comparable period
in 1997. Earnings before interest, taxes, depreciation and amortization, and
other non-cash expenses (EBITDA) increased by 23.1% to $14.1 million (49.3% of
total revenue) for the three months ended September 30, 1998 from $11.5 million
(48.6%. of total revenue) during the comparable period in 1997. The growth in
revenue and EBITDA was the result of higher subscriber revenue from continued
growth of the subscriber base and increased roaming revenue generated by
additional usage. The interest expense on the debt incurred as a result of
acquisitions, as well as the amortization expense from the acquired licenses and
customer lists, contributed to net income of $4,000 for the three months ended
September 30, 1998. This represents an improvement from the $3.2 million loss
for the comparable quarter in 1997. This improvement was due mainly to the
increase in revenue and EBITDA, as described above.

Subscriber revenue grew by 18.1% to $16.5 million for the three months ended
September 30, 1998 compared to $14.0 million for the comparable period in 1997
mainly as a result of revenue from continued subscriber growth in the Company's
markets, despite a decline in average revenue per subscriber. The Company's
number of subscribers increased by 28.2% to 166,886 at September 30, 1998 from
130,146 at September 30, 1997 due to internal growth. On a per subscriber basis,
average monthly subscriber revenue declined by 8.3% to $33.96 for the three
months ended September 30, 1998 from $37.04 for the comparable period in 1997.
This was due to competitive market pressures, continuing promotional activity
and the changing mix of subscribers reflecting increasing levels of subscribers
who typically purchase less expensive rate plans that include packaged minutes
of use.

Roamer revenue grew by 25.3% to $10.2 million during the three months ended
September 30, 1998 compared to $8.1 million for the comparable period in 1997.
This increase was mainly a result of increased roaming traffic throughout all of
the Company's systems which more than offset the decline in roaming revenue per
minute of use. Roaming minutes of use increased by 29.5% to 17.5 million for the
three months ended September 30, 1998 from 13.6 million for the comparable
period in 1997. Roaming revenue per minute, including tolls, for the three
months ended September 30, 1998 decreased to $0.58 from $0.60 for the comparable
period in 1997. This decrease was mainly a result of increased volume of
regional roaming traffic that is priced lower than other roaming traffic.

Equipment sales revenue increased by 41.8% to $1.6 million for the three months
ended September 30, 1998 compared to $1.1 million for the comparable period in
1997. This increase was due mainly to an increased number of telephones sold to
existing customers for retention purposes for which credits are given on the
sale price and reflected in general and administrative costs.

Cost of services increased by 15.8% to $3.3 million for the three months ended
September 30, 1998 from $2.8 million for the comparable period in 1997. This
increase was mainly a result of an increase in billing costs, home subscriber
net roaming costs and call delivery expenses associated with the growth in the
subscriber base. Partially offsetting this increase is the elimination of costs
associated with a terminated switching agreement. As a percentage of total
revenue, cost of services was 11.4% for the three months ended September 30,
1998 compared to 11.9% for the same period in 1997.

Cost of equipment sales increased 18.0% to $2.8 million for the three months
ended September 30, 1998 from $2.4 million in the comparable 1997 period. This
increase was due mainly to an increased number of telephones sold to existing
subscribers as well as equipment subsidies and sales to new subscribers, offset
by a reduction in the average cost of telephones and accessories.

General and administrative costs increased by 21.4% to $5.2 million for the
three months ended September 30, 1998 from $4.3 million for the comparable
period in 1997. This increase was mainly a result of increased administrative
compensation expense as a result of the growth in the subscriber base in
addition to increased customer retention costs due to competitive pressures. As
a percentage of total revenue, general and administrative expense was 18.2% for
the three months ended September 30, 1998 compared to 18.1% for the same period
in 1997.



                                       8
<PAGE>   9

Selling and marketing costs increased by 21.7% to $3.3 million for the three
months ended September 30, 1998 from $2.7 million during the third quarter of
1997. This increase is mainly due to an increase in new subscribers added period
to period which caused higher commission and compensation expenses as well as
increased advertising and promotional expenses. Including the equipment subsidy,
selling and marketing cost per gross new subscriber decreased by 4.4% to $280
for the three months ended September 30, 1998 from $293 for the comparable
period in 1997. This decrease was primarily a result of an improvement in the
margin on telephone and accessory subsidies.

Depreciation and amortization decreased to $6.8 million for the three months
ended September 30, 1998 from $7.4 million in the comparable period in 1997.
This decrease was mainly due to certain cell site equipment obtained through
acquisitions which became fully depreciated in April 1998. This reduction of
depreciation more than offsets the depreciation on higher levels of fixed assets
resulting from capital expenditures for system growth. For the three months
ended September 30, 1998, the Company incurred $1.6 million in capital
expenditures, primarily for cell site and system enhancements.

Interest expense remained flat at $7.3 million for the three months ended
September 30, 1998 compared with the same in 1997 as outstanding debt levels and
interest rates remained fairly constant.

THE COMPANY'S HISTORICAL RESULTS OF OPERATIONS
NINE MONTHS ENDED SEPTEMBER 30, 1998 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30,
1997

For the nine months ended September 30, 1998, the Company's total revenue
increased by 22.6% to $76.9 million, from $62.8 million from the comparable
period in 1997. Earnings before interest, taxes, depreciation and amortization,
and other non-cash expenses (EBITDA) increased by 22.9% to $36.4 million (47.3%
of total revenue) for the nine months ended September 30, 1998 from $29.6
million (47.2%. of total revenue) during the comparable period in 1997. The
growth in revenue and EBITDA was the result of higher subscriber revenue from
continued growth of the subscriber base and increased roaming revenue generated
by additional usage. The interest expense on the debt incurred as a result of
acquisitions, as well as the amortization expense from the acquired licenses and
customer lists, contributed to a net loss of $6.9 million for the nine months
ended September 30, 1998. This loss represents an improvement from the $14.0
million loss for the nine months ended September 30, 1997 which was due mainly
to the increase in revenue and EBITDA as described above.

Subscriber revenue grew by 21.3% to $46.7 million for the nine months ended
September 30, 1998 compared to $38.5 million for the comparable period in 1997
mainly as a result of revenue from continued subscriber growth in the Company's
markets, despite a decline in average revenue per subscriber. The Company's
number of subscribers increased by 28.2% to 166,886 at September 30, 1998 from
130,146 at September 30, 1997 due to internal growth. On a per subscriber basis,
average monthly subscriber revenue declined by 6.8% to $33.85 for the nine
months ended September 30, 1998 from $36.33 for the comparable period in 1997.
This was due to competitive market pressures, continuing promotional activity
and the changing mix of subscribers reflecting increasing levels of subscribers
who typically purchase less expensive rate plans that include packaged minutes
of use.

Roamer revenue grew by 24.6% to $24.8 million during the nine months ended
September 30, 1998 compared to $19.9 million for the comparable period in 1997.
This increase was mainly a result of increased roaming traffic throughout all of
the company's systems which more than offset the decline in roaming revenue per
minute of use. Roaming minutes of use increased by 30.5% to 43.6 million for the
nine months ended September 30, 1998 from 33.4 million for the comparable period
in 1997. Roaming revenue per minute, including toll, for the nine months ended
September 30, 1998 decreased to $0.57 from $0.59 for the comparable period in
1997. This decrease was mainly a result of increased volume of regional roaming
traffic that is priced lower than other roaming traffic.

Equipment sales revenue increased by 39.4% to $4.3 million for the nine months
ended September 30, 1998 compared to $3.0 million for the comparable period in
1997. This increase was due mainly to an increased number of telephones and
accessories sold to existing customers for retention purposes, for which credits
are given on the sale price and reflected in general and administrative costs.

Cost of services increased by 25.5% to $9.0 million for the nine months ended
September 30, 1998 from $7.2 million for the comparable period in 1997. This
increase was mainly a result of an increase in home subscriber net roaming costs
as well as increased billing and call delivery expenses associated with the
growth in the subscriber base. The increase in net roaming costs is attributed
mostly to increased levels of regional roaming for which rates to customers are
low which has stimulated usage. Partially offsetting this increase are lower
costs to the Company for long distance charges and the elimination of costs
associated with a terminated switching agreement. As a percentage of total
revenue, cost of services was 11.7% for the nine months ended September 30, 1998
compared to 11.4% for the same period in 1997.



                                       9
<PAGE>   10

Cost of equipment sales increased 14.5% to $7.8 million for the nine months
ended September 30, 1998 from $6.8 million in the comparable 1997 period. This
increase was due mainly to an increased number of telephones and accessories
sold to existing subscribers offset by a reduction in the average cost of
telephones and accessories.

General and administrative costs increased by 25.7% to $14.7 million for the
nine months ended September 30, 1998 from $11.7 million for the comparable
period in 1997. This increase was mainly a result of the growth in the
subscriber base which caused an increase in administrative compensation and
increased customer retention costs due to competitive pressures. As a percentage
of total revenue, general and administrative expense was 19.1% for the nine
months ended September 30, 1998 compared to 18.6% for the same period in 1997.

Selling and marketing costs increased by 21.3% to $9.1 million for the nine
months ended September 30, 1998 from $7.5 million for the comparable period in
1997. This increase is mainly due to an increase in new subscribers added period
to period which caused higher commission and compensation expenses as well as an
increase in advertising and promotional expenses. Including the equipment
subsidy, selling and marketing cost per gross new subscriber decreased by 6.2%
to $287 for the nine months ended September 30, 1998 from $306 for the
comparable period in 1997. This was primarily a result of an improvement in the
margin on telephone and accessory subsidies and sales.

Depreciation and amortization increased to $21.3 million for the nine months
ended September 30, 1998 from $21.1 million for the comparable period in 1997
due to the depreciation on higher levels of fixed assets resulting from capital
expenditures for system growth. This increase more than offset the decrease in
depreciation due to certain cell site equipment obtained in acquisitions which
became fully depreciated in April 1998. For the nine months ended September 30,
1998, the Company incurred $11.5 million in capital expenditures, primarily for
cell site and system enhancements.

Interest expense decreased to $21.6 million for the nine months ended September
30, 1998 from $22.6 million for the comparable period in 1997. This decrease was
primarily a result of a lower level of borrowing due to the Common Stock Sale as
described in Note 5.

LIQUIDITY AND CAPITAL RESOURCES

The Company has historically relied on internally generated funds to fund debt
service and a substantial portion of its capital expenditures. Bank credit
facilities have been used for additional support of capital expenditure programs
and to fund acquisitions. During 1997, the Company issued additional Common
Stock and redeemed its outstanding Preferred Stock, as described in Notes 4 and
5.

Net cash provided by operating activities was $13.5 million for the nine months
ended September 30, 1998 compared to $7.1 million for the comparable period in
1997. The increase was primarily the result of the increase in the number of
subscribers and the related growth in revenue and EBITDA, offset somewhat by a
decrease in net working capital.

Net cash used in investing activities was $11.1 million for the nine months
ended September 30, 1998 compared to $17.6 million for the comparable period in
1997. In 1997, this activity reflects final payments for businesses acquired in
1996. In 1998, this activity reflects decreased levels of purchases of property
and equipment primarily for system buildout in addition to proceeds of $300,000
from the sale of an undeveloped patent to an officer/shareholder of the Company.

Net cash used in financing activities was $2.9 million for the nine months ended
September 30, 1998 as compared to net cash provided by financing activities of
$10.0 million for the comparable period in 1997. The combination of reduced
capital expenditures and increased EBITDA for the nine months ended September
30, 1998 enabled the Company to reduce amounts outstanding under the Bank Credit
Facility. In 1997, this activity includes $43.9 million in net proceeds from the
Common Stock Sale which were used primarily to redeem the remaining outstanding
Preferred Stock and to reduce amounts outstanding under the Bank Credit
Facility.

The Company's capital expenditure plans include a continued buildout of its
systems in order to improve coverage and increase usage. During the remainder of
1998 the Company plans to add up to 5 new cell sites in addition to the 21
completed through September 30, 1998. In accordance with its plans to strengthen
its existing cellular network the Company has completed sectorizing high traffic
cell sites and is in the process of increasing microwave capacity and upgrading
the Ohio and Pennsylvania systems to state of the art IS-136 TDMA digital. As of
September 30, 1998, the Company has incurred $11.5 million in capital
expenditures and expects to spend between $13 to $15 million for the year ending
December 31, 1998. The Company plans to use internally generated funds plus
funds available under the Bank Credit Facility to finance this capital
expenditure program. As of September 30, 1998, the Company had $107.4 million in
additional funds available to borrow under the Bank Credit Facility.



                                       10
<PAGE>   11

As a part of a 1996 acquisition, the Company acquired interim operating
authority for the Rural Service Area PA-2. On June 3, 1997, the Federal
Communications Commission granted the application of Pinellas Communications for
a license to operate a permanent cellular telephone system in PA-2 and the
interim operating authority for PA-2 was terminated. On June 8, 1998, the
Company entered into an agreement with Pinellas Communications to purchase PA-2.
The purchase price of $6 million will be funded through the Bank Credit
Facility. The purchase is expected to close in the fourth quarter of 1998. In
the interim the Company has entered into a management agreement and a lease
agreement to operate PA-2, subject to oversight by Pinellas Communications.

The Company is a holding company with no direct operations and no significant
assets other than the stock of Sygnet. Accordingly, the Company's ability to
make principal, interest and other payments to holders of the Senior Notes when
due, and to meet its other obligations, is dependent upon the receipt of
sufficient funds from its subsidiary. The Bank Credit Facility contains certain
restrictions upon the ability of the subsidiary to distribute funds to the
Company. The indenture under which the Senior Notes were issued imposes certain
limits on the ability of the Company to, among other things, incur additional
indebtedness. In addition, the agreement under which the Company issued Common
Stock in June 1997 imposes certain limits on the ability of the Company to,
among other things, incur additional indebtedness, issue additional capital
stock or engage in certain types of transactions.

The Company has entered into an Agreement and Plan of Merger with a subsidiary
of Dobson Communications Corporation (Dobson), as described in Note 2, pursuant
to which Dobson will acquire all outstanding shares of common stock of the
Company for an aggregate amount of $337.5 million, or approximately $34.51 per
share. The agreement is pending regulatory approval and is expected to close in
the fourth quarter of 1998.




                                       11
<PAGE>   12

IMPACT OF YEAR 2000

The Year 2000 Issue is the result of the inability of some computer programs to
distinguish the year 1900 from the year 2000. Many computer programs and
operating systems were written using two digits to define the applicable year
rather than four digits. This means that any equipment containing computer
programs with time-sensitive software may recognize a date using "00" as the
year 1900 rather than the year 2000. In some instances this could result in
system failures, disruption in operations and possible inaccuracies of data.

The Company has substantially completed an inventory of all its systems and
equipment in each market to determine the impact of the Year 2000 Issue. Based
on this inventory, the Company has contacted its significant vendors to
determine how their products and services might be affected by the Year 2000
Issue. Generally, the Company is relying upon representations made by the
vendors as to their state of readiness for the Year 2000 Issue. Based on
internal evaluations and on information provided by these vendors certain
systems have been upgraded and tested for Year 2000 compliance. The Company
estimates that it is 60% complete with this phase of the project.

The Company is placing special emphasis on areas that present a risk of
materially interrupting its revenue stream in the event of a Year 2000 problem.
Presently, it appears three main systems have the potential to materially
interrupt the revenue stream due to the Year 2000 Issue. They are the two
cellular switches, which could prevent calls from being made, and the billing
system, which could prevent the Company from billing and subsequently receiving
revenue from its customers. To address this risk, the Northern Telecom switch,
which serves Ohio and Pennsylvania, has recently undergone a software upgrade to
a Year 2000 compliant version. The Company has monitored testing of this
software in a Year 2000 situation with commonly known critical dates and has
encountered no problems. Accordingly, the Company has deemed this system to have
a minimal risk of failure regarding the Year 2000 issue and will not develop
contingency plans for the Northern Telecom switch unless new information becomes
available that suggests a contingency plan is warranted. The Ericsson switch,
which serves New York, is expected to have its software upgraded to a Year 2000
compliant version in the first quarter of 1999. It is expected that like
Northern Telecom, Ericsson will provide sufficient testing prior to
installation. To allow for the possibility that the upgrade and testing may not
be completed by the first quarter of 1999 a contingency plan is being developed
which may include replacement of the Ericsson switching equipment with Northern
Telecom equipment that is already known to be year 2000 compliant. The upgrade
of the billing system software to a Year 2000 compliant version is expected to
be completed in the first quarter of 1999. The vendor that provides this system
has indicated that Year 2000 compliance testing will be completed by June of
1999. The Company has deemed this system to have a moderate risk of not being
able to handle the Year 2000 requirements and a contingency plan is being
prepared that may include selecting a new billing vendor in mid 1999.

The cost of testing and upgrading these systems can not been determined at this
time. Management's current estimate is that the cost of becoming year 2000
compliant is not expected to exceed $250,000. This estimate may change
significantly downward or upward as the process continues or if problems arise
with either a switch or billing system. Additionally, this estimate may change
substantially if other systems or vendors are unable to become Year 2000
compliant causing a material interruption of the revenue stream.




                                       12
<PAGE>   13

FORWARD LOOKING STATEMENTS

The description of the Company's capital expenditure plans and Year 2000
preparedness set forth above are forward looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
These plans involve a number of risks and uncertainties. The important factors
that could cause actual capital expenditures, Year 2000 preparedness or the
Company's performance to differ materially from the plans include, without
limitation, the Company's continued ability to satisfy the financial performance
and other covenants of the Bank Credit Facility; the impact of competition from
other providers of cellular telephone and personal communications services and
other technologies that may be developed; the inability of third party vendors
to provide products and services which are Year 2000 compliant; and the
occurrence of other technological changes affecting the Company's business. For
further information regarding these and other risk factors, see "Business Risk
Factors" in the Company's annual report (File No. 333-10161) on Form 10K for the
year ended December 31, 1997 filed with the Securities and Exchange Commission.
The Company disclaims any duty to release publicly any updates or revisions to
these forward looking statements.



                                       13
<PAGE>   14

PART II  -  OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Security Holders

         On August 18, 1998 two special shareholder meetings were held at which
         the shareholders unanimously approved (i) an amendment to the Company's
         Code of Regulations to opt out of a provision of the Ohio Revised Code
         pertaining to control share acquisitions, (ii) the adoption of the
         Agreement and Plan of Merger between Front Nine Operating Company
         (Purchaser) and the Company, under which Purchaser will merge with and
         into the Company (the Merger), with the Company being the surviving
         entity, (iii) the acceleration of vesting, as of the closing of the
         Merger, of all non-vested stock options held by the Company's officers
         and directors and (iv) payments to be made to the Company's officers
         and directors for stock options, bonus and severance in connection with
         the Merger.

Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits

<TABLE>
<S>          <C>       <C>                                              
                2.1    Agreement and Plan of Merger dated July 28, 1998 among Sygnet  Wireless,  Inc. and Front Nine
                       Operating Company.

                3.1    Amended and restated Articles of Incorporation of Sygnet Wireless, Inc. 1[3.1]

                3.2    Code of Regulations of Sygnet Wireless, Inc.

                4.1    Indenture  dated as of September 26, 1996 between  Sygnet  Wireless,  Inc. and Fleet National
                       Bank, as Trustee. 1[4]

              10.18    Credit  Agreement  dated October 9, 1996 among the Registrant  and The Toronto  Dominion Bank
                       and PNC Bank, National Association. 3[10.18]

             10.18a    Amendment to Credit  Agreement  dated  October 9, 1996 among the  Registrant  and The Toronto
                       Dominion Bank and PNC Bank, National Association. 4[10.18a]

              10.23    Investment  Agreement  dated as of June 20, 1997  between  Sygnet  Wireless,  Inc. and Boston
                       Ventures Limited Partnership V. 2[10.23]

              10.24    Registration Rights Agreement dated as of June 20, 1997 among Sygnet Wireless, Inc., Boston
                       Ventures Limited Partnership V, J.D. Williamson, II and Warren P. Williamson, III. 2[10.24]

              10.25    Stockholders Agreement dated as of June 20, 1997 among Sygnet Wireless, Inc., Boston Ventures
                       Limited Partnership V, J.D. Williamson, II and Warren P. Williamson, III. 2[10.25]

             10.25a    Amendment to Stockholders  Agreement among Sygnet  Wireless,  Inc.,  Boston Ventures  Limited
                       Partnership V, J.D. Williamson, II and Warren P. Williamson, III. 4[10.25a]

              10.32    Purchase  Agreement  dated June 8, 1998  between  Sygnet  Communications,  Inc.  and Pinellas
                       Communications. 4[10.32]

               27.1    Financial Data Schedule.
</TABLE>

(b)      Reports on Form 8-K. On July 29, 1998 the Company filed an 8-K
         reporting the signing of an agreement to be acquired through a merger
         with a subsidiary of Dobson Communications Corporation.

1      Filed as an exhibit to the Company's Quarterly Report on Form 10-Q for 
       the quarterly period ended September 30, 1996, as the exhibit number
       indicated in brackets and incorporated by reference herein.

2      Filed as an exhibit to the Company's Quarterly Report on Form 10Q for the
       quarterly period ended June 30, 1997, as the exhibit number indicated in
       brackets and incorporated by reference herein.

3      Filed as an exhibit to the Company's Annual Report on Form 10K for the
       year ended December 31, 1996, as the exhibit number indicated in brackets
       and incorporated by reference herein.

4      Filed as an exhibit to the Company's Quarterly Report on Form 10-Q for
       the quarterly period ended June 30, 1998, as the exhibit number indicated
       in brackets and incorporated by reference herein.


                                       14
<PAGE>   15

                                    SIGNATURE


                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                   SYGNET WIRELESS, INC.


                                   By: /s/ CRAIG T. SHEETZ
                                       ----------------------------
                                       Craig T. Sheetz
                                       Vice President and
                                       Chief Financial Officer

                                       (as duly authorized officer and principal
                                       financial officer of the registrant)


Dated: October 29, 1998



                                       15