<ARTICLE> 5 <LEGEND> FINANCIAL DATA SCHEDULE FOR HYPERION TELECOMMUNICATIONS, INC. FOR THE THREE MONTHS ENDED JUNE 30, 1998 </LEGEND> <CIK> 0001017648 <NAME> HYPERION TELECOMMUNICATIONS, INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-END> JUN-30-1998 <CASH> 444,265 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 288,909 <DEPRECIATION> 0 <TOTAL-ASSETS> 897,385 <CURRENT-LIABILITIES> 41,733 <BONDS> 500,177 <PREFERRED-MANDATORY> 0 <PREFERRED> 214,085 <COMMON> 547 <OTHER-SE> 141,390 <TOTAL-LIABILITY-AND-EQUITY> 897,385 <SALES> 0 <TOTAL-REVENUES> 7,635 <CGS> 0 <TOTAL-COSTS> 19,541 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 13,704 <INCOME-PRETAX> (18,551) <INCOME-TAX> 0 <INCOME-CONTINUING> (18,551) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (28,548) <EPS-PRIMARY> (0.59) <EPS-DILUTED> (0.59)