<ARTICLE> 5
<LEGEND>
CAI WIRELESS SYSTEMS, INC. AND SUBSIDIARIES
FINANCIAL DATA SCHEDULE
AS OF AND FOR THE NINE MONTHS ENDED DECEMBER 31, 1998
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                      21,078,515
<SECURITIES>                                         0
<RECEIVABLES>                                  741,722
<ALLOWANCES>                                   284,954
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                      85,627,391
<DEPRECIATION>                              47,380,410
<TOTAL-ASSETS>                             288,492,366
<CURRENT-LIABILITIES>                                0
<BONDS>                                    106,456,285
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       172,414
<OTHER-SE>                                  87,442,387
<TOTAL-LIABILITY-AND-EQUITY>               288,492,366
<SALES>                                              0
<TOTAL-REVENUES>                            14,972,024
<CGS>                                                0
<TOTAL-COSTS>                               48,381,425
<OTHER-EXPENSES>                            46,219,019
<LOSS-PROVISION>                               159,300
<INTEREST-EXPENSE>                          30,282,932
<INCOME-PRETAX>                          (105,928,285)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                      (105,928,285)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                            204,345,447
<CHANGES>                                            0
<NET-INCOME>                                98,417,162
<EPS-PRIMARY>                                   (0.97)
<EPS-DILUTED>                                   (0.97)