CELLULAR INC &lt;CELS.O> TO SELL UNIT, TAKE GAIN
  Cellular Inc said it reached a definitive
  agreement to sell assets of its wholly owned Michigan Cellular
  Inc to Century Telephone Enterprises Inc &lt;CTL> and add 28 cts a
  share to the year's earnings as a result.
      It said the sale, subject to regulatory approval,
  represents a capital gain in excess of 800,000 dlrs over the
  original price paid by Cellular for its cellular interests in
  Michigan, acquired in December 1986.
  

