<ARTICLE>                                          5
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
Condensed  Consolidated  Balance  Sheet at June 30,  1996  (Unaudited)  and  the
Condensed  Consolidated Statement of Operations for the Six  Months  Ended  June
30, 1996  (Unaudited)  and is  qualified  in  its entirety by  reference to such
financial statements.
</LEGEND>
<MULTIPLIER>                                                      1,000
       
                                                
<PERIOD-TYPE>                                      6-MOS
<FISCAL-YEAR-END>                                  DEC-31-1996
<PERIOD-START>                                     JAN-01-1996
<PERIOD-END>                                       JUN-30-1996
<CASH>                                                            277,514
<SECURITIES>                                                       75,410
<RECEIVABLES>                                                      70,237
<ALLOWANCES>                                                        6,746
<INVENTORY>                                                        25,446
<CURRENT-ASSETS>                                                  455,656
<PP&E>                                                          1,384,368
<DEPRECIATION>                                                          0
<TOTAL-ASSETS>                                                  6,064,748
<CURRENT-LIABILITIES>                                             209,237
<BONDS>                                                         2,284,192
<PREFERRED-MANDATORY>                                                   0
<PREFERRED>                                                       300,000
<COMMON>                                                              227
<OTHER-SE>                                                      2,791,698
<TOTAL-LIABILITY-AND-EQUITY>                                    6,064,748
<SALES>                                                                 0
<TOTAL-REVENUES>                                                  145,937
<CGS>                                                                   0
<TOTAL-COSTS>                                                     116,732
<OTHER-EXPENSES>                                                  185,829
<LOSS-PROVISION>                                                        0
<INTEREST-EXPENSE>                                                106,741
<INCOME-PRETAX>                                                  (400,896)
<INCOME-TAX>                                                     (152,150)
<INCOME-CONTINUING>                                              (248,746)
<DISCONTINUED>                                                          0
<EXTRAORDINARY>                                                         0
<CHANGES>                                                               0
<NET-INCOME>                                                     (248,746)
<EPS-PRIMARY>                                                       (1.13)
<EPS-DILUTED>                                                       (1.13)