<ARTICLE>                                          5
<LEGEND>                                          
This  schedule  contains  summary  financial   information  extracted  from  the
Condensed  Consolidated  Balance  Sheet at March 31,  1996  (Unaudited)  and the
Condensed  Consolidated Statement of Operations for the Three Months Ended March
31, 1996  (Unaudited)  and is  qualified  in its  entirety by  reference to such
financial statements.
</LEGEND>
<MULTIPLIER>                                                      1,000
       
                                                  
<PERIOD-TYPE>                                      3-MOS
<FISCAL-YEAR-END>                                  DEC-31-1996
<PERIOD-START>                                     JAN-01-1996
<PERIOD-END>                                       MAR-31-1996
<CASH>                                                          470,432
<SECURITIES>                                                     26,276
<RECEIVABLES>                                                    58,169
<ALLOWANCES>                                                      6,497
<INVENTORY>                                                      25,274
<CURRENT-ASSETS>                                                600,587
<PP&E>                                                        1,551,831
<DEPRECIATION>                                                  167,507
<TOTAL-ASSETS>                                                6,232,404
<CURRENT-LIABILITIES>                                           373,348
<BONDS>                                                       1,839,799
<PREFERRED-MANDATORY>                                                 0
<PREFERRED>                                                     300,000
<COMMON>                                                            227
<OTHER-SE>                                                    2,907,822
<TOTAL-LIABILITY-AND-EQUITY>                                  6,232,404
<SALES>                                                          68,318
<TOTAL-REVENUES>                                                 68,318
<CGS>                                                            59,838
<TOTAL-COSTS>                                                    59,838
<OTHER-EXPENSES>                                                155,424
<LOSS-PROVISION>                                                      0
<INTEREST-EXPENSE>                                               49,420
<INCOME-PRETAX>                                                (189,740)
<INCOME-TAX>                                                     71,022
<INCOME-CONTINUING>                                            (118,718)
<DISCONTINUED>                                                        0
<EXTRAORDINARY>                                                       0
<CHANGES>                                                             0
<NET-INCOME>                                                   (118,718)
<EPS-PRIMARY>                                                     (0.56)
<EPS-DILUTED>                                                     (0.56)