BT Securities Corp., the brokerage arm of Bankers Trust New York Corp., expects to privately place $125 million of senior notes for Heartland Wireless Communications early this week, according to sources close to the deal.

The deal will come to market just after another wireless cable television concern, CAI Wireless Systems Inc., hit a roadblock. On Friday, CAI, along with partners Bell Atlantic Corp. and Nynex Corp., said it would suspend for a year a video venture announced in 1995.

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