<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 931,595,000 <SECURITIES> 154,155,000 <RECEIVABLES> 255,349,000 <ALLOWANCES> (52,846,000) <INVENTORY> 0 <CURRENT-ASSETS> 67,214,000 <PP&E> 5,613,176,000 <DEPRECIATION> (601,034,000) <TOTAL-ASSETS> 8,870,513,000 <CURRENT-LIABILITIES> 740,400,000 <BONDS> 6,610,905,000 <PREFERRED-MANDATORY> 132,688,000 <PREFERRED> 7,000 <COMMON> 814,000 <OTHER-SE> 1,321,915,000 <TOTAL-LIABILITY-AND-EQUITY> 8,870,513,000 <SALES> 0 <TOTAL-REVENUES> 673,638,000 <CGS> 0 <TOTAL-COSTS> 329,376,000 <OTHER-EXPENSES> 274,371,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 298,542,000 <INCOME-PRETAX> (578,845,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (578,845,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (578,845,000) <EPS-BASIC> (8.78) <EPS-DILUTED> (8.78)