<ARTICLE> 5 <LEGEND> CAI Wireless Systems, Inc. and Subsidiaries Financial Data Schedule As of and For the Three Months Ended June 30, 1998 </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 3,267,884 <SECURITIES> 0 <RECEIVABLES> 793,613 <ALLOWANCES> 238,110 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 91,981,605 <DEPRECIATION> 45,138,949 <TOTAL-ASSETS> 325,630,467 <CURRENT-LIABILITIES> 0 <BONDS> 311,618,543 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 275,770,764 <OTHER-SE> (337,440,123) <TOTAL-LIABILITY-AND-EQUITY> 325,630,467 <SALES> 0 <TOTAL-REVENUES> 5,632,967 <CGS> 0 <TOTAL-COSTS> 16,803,482 <OTHER-EXPENSES> 10,967,164 <LOSS-PROVISION> 29,200 <INTEREST-EXPENSE> 12,909,875 <INCOME-PRETAX> (34,108,379) <INCOME-TAX> 0 <INCOME-CONTINUING> (34,108,379) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (34,108,379) <EPS-PRIMARY> (0.84) <EPS-DILUTED> (0.84)