<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             MAR-31-1999
<PERIOD-END>                               JAN-01-1999
<CASH>                                   1,031,874,000
<SECURITIES>                               367,766,000
<RECEIVABLES>                              217,381,000
<ALLOWANCES>                              (49,752,000)
<INVENTORY>                                          0
<CURRENT-ASSETS>                            98,572,000
<PP&E>                                   5,189,567,000
<DEPRECIATION>                           (501,400,000)
<TOTAL-ASSETS>                           8,810,471,000
<CURRENT-LIABILITIES>                      667,136,000
<BONDS>                                  6,457,732,000
<PREFERRED-MANDATORY>                      128,340,000
<PREFERRED>                                      7,000
<COMMON>                                       734,000
<OTHER-SE>                               1,491,400,000
<TOTAL-LIABILITY-AND-EQUITY>             8,810,471,000
<SALES>                                              0
<TOTAL-REVENUES>                           313,381,000
<CGS>                                                0
<TOTAL-COSTS>                              161,544,000
<OTHER-EXPENSES>                           119,270,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                         130,823,000
<INCOME-PRETAX>                          (230,419,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                      (230,419,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                             (230,419,000)
<EPS-PRIMARY>                                   (3.82)
<EPS-DILUTED>                                   (3.82)