<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 261,741 <SECURITIES> 453,165 <RECEIVABLES> 119,187 <ALLOWANCES> 21,606 <INVENTORY> 0 <CURRENT-ASSETS> 408,557 <PP&E> 1,337,793 <DEPRECIATION> 241,826 <TOTAL-ASSETS> 2,046,098 <CURRENT-LIABILITIES> 293,321 <BONDS> 676,016 <PREFERRED-MANDATORY> 459,308 <PREFERRED> 2 <COMMON> 366 <OTHER-SE> 5,992 <TOTAL-LIABILITY-AND-EQUITY> 2,046,098 <SALES> 0 <TOTAL-REVENUES> 161,358 <CGS> 0 <TOTAL-COSTS> 104,804 <OTHER-EXPENSES> 51,809 <LOSS-PROVISION> 16,301 <INTEREST-EXPENSE> 11,017 <INCOME-PRETAX> 39,617 <INCOME-TAX> 2,411 <INCOME-CONTINUING> (42,236) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (42,236) <EPS-PRIMARY> (1.60) <EPS-DILUTED> (1.60)