EXHIBIT 11.1

             CAI WIRELESS SYSTEMS, INC.

             LOSS PER SHARE COMPUTATION

<TABLE>
<CAPTION>

                                         Year Ended          Year Ended        Year Ended
                                          March 31,           March 31,         March 31,
                                            1997                1996              1995
<S>                                      <C>                  <C>                 <C>
Net loss                              $(82,298,207)        $ (40,985,572)      $(14,106,837)
Preferred stock dividend               (13,011,270)         (  5,878,960)          (328,011)
Loss applicable to common stock
  shareholders                        $(95,309,477)        $ (46,864,532)      $(14,434,848)
Weighted average number of shares       40,069,258            27,075,578         15,456,540
outstanding
Loss per share                           $   (2.38)           $    (1.73)         $   (0.93)
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COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
<TABLE>
<CAPTION>

                                                                                 Weighted Shares
COMMON STOCK TRANSACTIONS                               SHARES                    OUTSTANDING
<S>                                                 <C>                          <C>
For the year ended March 31, 1995
Beginning Balance                                    15,410,000                 15,410,000
Warrants exercised                                       74,000                     29,417
Series A Preferred Stock}(1)(2){                      1,640,909                          0
Series B Preferred Stock}(3){                           271,739                     17,123
Warrants}(1){                                         2,020,578                          0
Options}(1){                                            956,500                          0
                                                                                15,456,540
For the year ended March 31, 1996
Beginning Balance                                    15,754,018                 15,754,018
Common stock sold                                       179,765                    174,824
  Common stock issued to acquire 49% minority
  interest in Hampton Roads Wireless, Inc.              652,523                    467,107
Common stock issued in ACS Merger                    19,362,611                  9,734,209
Common stock issued in ECNW Merger                    1,880,565                    945,420
Series A Preferred Stock}(1)(2){                      2,546,198                          0
Warrants}(1){                                         2,310,541                          0
Options}(1){                                          1,274,134                          0
                                                                                27,075,578
For the year ended March 31, 1997
Beginning Balance                                    37,829,482                 37,829,482
  Series A Preferred Stock converted to common
  stock                                               2,637,742                  2,178,513
Warrants exercised                                       73,315                     61,263
Warrants - BANX                                      36,751,085                          0
Warrants-other                                        2,852,453                          0
Options                                               2,195,937                          0
                                                                                40,069,258
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