<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF DEC-31-1998 AND THE RELATED STATEMENTS OF
INCOME AND CASH FLOWS FOR THE 12-MONTH PERIOD THEN ENDED AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                         868,463
<SECURITIES>                                 1,013,301
<RECEIVABLES>                                   80,746
<ALLOWANCES>                                     4,246
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,027,767
<PP&E>                                       1,180,021
<DEPRECIATION>                                 174,134
<TOTAL-ASSETS>                               4,597,108
<CURRENT-LIABILITIES>                          249,217
<BONDS>                                      3,733,342
<PREFERRED-MANDATORY>                          612,352
<PREFERRED>                                          0
<COMMON>                                     1,139,232
<OTHER-SE>                                 (1,152,354)
<TOTAL-LIABILITY-AND-EQUITY>                 4,597,108
<SALES>                                              0
<TOTAL-REVENUES>                               274,324
<CGS>                                                0
<TOTAL-COSTS>                                  640,854
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             283,123
<INCOME-PRETAX>                              (558,692)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (558,692)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (558,692)
<EPS-BASIC>                                     (5.02)
<EPS-DILUTED>                                   (5.02)