UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~November 17~~March 7, ~~2016~~2017

COMPETITIVE COMPANIES, INC.

(Exact name of registrant as specified in its charter)

Nevada

(State or other jurisdiction of incorporation)

333-76630		65-1146821
(Commission File Number)		(I.R.S. Employer Identification No.)
19206 Huebner Road, Suite 202, San Antonio, Texas 78258
(Address of principal executive offices) (Zip Code)
	(210) 233-8980
	(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)

333-76630 65-1146821

(Commission File Number) (I.R.S. Employer Identification No.)

19206 Huebner Road, Suite 202, San Antonio, Texas 78258

(Address of principal executive offices) (Zip Code)

(210) 233-8980

(Registrant's telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR240.14d-2(b))

[_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))

SECTION 75. ~~REGULATION~~ CORPORATE FDGOVERNANCE AND MANAGEMENT

Item 75.0102. ~~Regulation~~Departure FDof ~~Disclosure.~~Directors and Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Compensation Arrangements. In ~~October~~or about ~~2016~~December 2004, ~~Competitive~~the President of Competitive Companies, Inc., a Nevada corporation (the "Company") ~~approved~~, ~~through shareholder~~personally ~~approval,~~guaranteed ~~the~~a ~~planned~~Small ~~spin-off~~Business ofAdministration ~~Wytec~~("SBA") ~~International,~~loan for the benefit of Discovernet, Inc., a ~~Nevada Corporation,~~prior ~~and~~ subsidiary of the Company, in the original principal amount of $150,000 (the "~~Wytec~~Loan"). Discovernet, ~~The~~Inc. ~~Company~~never ~~currently~~repaid ~~owns~~the Loan and has ~~865,552~~dissolved. The ~~shares~~Loan ofwas ~~the~~thereafter ~~outstanding~~transferred ~~common~~to ~~stock~~the United States Department of ~~Wytec~~Treasury ("USDT") for collection. On January 5th, ~~609~~2017,~~604~~ ~~shares~~the board of ~~which were~~directors ~~acquired~~determined byto assist the President of the Company aswith repayment of ~~November~~the 17Loan. Accordingly, ~~2016~~on inthat ~~consideration~~date ~~for~~the company repaid the outstanding ~~sale~~balance of the ~~Company's~~loan ~~wholly~~in ~~owned~~the ~~subsidiary~~amount ~~Capaciti~~of ~~Networks~~$177,689.75 ~~Inc~~including principal, interest and penalties. Subsequently, tothe ~~Wytec~~company deemed the repayment of the loan to ~~pursuant~~be compensation to aMr. ~~stock~~Gray. ~~purchase~~On ~~agreement~~March 3, ~~and 1~~2017,~~731,104~~ ~~Wytec~~the ~~common~~company ~~stock~~recorded the loan ~~purchase~~repayment ~~warrants~~with repayment as a bonus to Mr. Gray and grossed up the amount to cover the taxes. The total amount of the bonus was $252,992.50.

In order to implement the planned spin-off, the Company plans to file a Registration Statement on Form S-1 and an Information Statement on Schedule 14C. These filings will describe in detail the terms and conditions of the spin-off. The Company expects to make these filing prior to the end of the 2016 fiscal year. SIGNATURES

~~This~~Pursuant ~~discussion~~to ~~contains~~the ~~forward-looking~~requirements ~~statements~~of ~~reflecting~~the ~~our~~Securities ~~current~~Exchange ~~expectations~~Act ~~that~~of ~~involve~~1934, ~~risks~~as ~~and~~amended, ~~uncertainties. Actual results and~~ the ~~timing of~~registrant ~~events~~has ~~may~~duly ~~differ~~caused ~~materially~~this ~~from~~report ~~those~~to ~~contained in these forward-looking~~be ~~statements~~signed ~~due~~on toits abehalf ~~number~~by ofthe ~~factors~~undersigned, ~~including~~thereunto ~~those~~duly ~~that will be discussed in the Registration Statement on Form S-1~~authorized.

~~SIGNATURES~~COMPETITIVE COMPANIES, INC.

~~Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~(Registrant)

~~COMPETITIVE~~Date: ~~COMPANIES~~March 8, ~~INC.~~2017

~~(Registrant)~~/s/ William H. Gray

~~Date: November~~William 17H. Gray, ~~2016~~Chief Executive Officer

/s/ William H. Gray

William H. Gray, Chief Executive Officer

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