<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL DATA INFORMATION EXTRACTED FROM CONDENSED CONSOLIDATED BALANCE SHEET--JUNE 30, 1999 AND CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE QUARTER ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-Mos <FISCAL-YEAR-END> Dec-31-1999 <PERIOD-START> Jan-01-1999 <PERIOD-END> Jun-30-1999 <CASH> 386,088 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 437,580 <PP&E> 288,744 <DEPRECIATION> 32,218 <TOTAL-ASSETS> 799,712 <CURRENT-LIABILITIES> 188,489 <BONDS> 792,006 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 530 <OTHER-SE> (183,956) <TOTAL-LIABILITY-AND-EQUITY> 799,712 <SALES> 0 <TOTAL-REVENUES> 5,484 <CGS> 0 <TOTAL-COSTS> 78,250 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 39,675 <INCOME-PRETAX> (231,586) <INCOME-TAX> 0 <INCOME-CONTINUING> (231,586) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (231,586) <EPS-BASIC> (4.39) <EPS-DILUTED> (4.39)