EXHIBIT (12)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES                                          Sprint Corporation
(Unaudited)

                                                                                              Quarters Ended,
                                                                                                 March 31,
                                                                                     -------------------------------
                                                                                           2004            2003
(millions, except ratios)                                                              (as restated)   (as restated)
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Earnings
   Income from continuing operations
                                                                                               
     before income taxes                                                             $       372     $       160
   Capitalized interest                                                                      (19)            (14)
   Net losses in equity method
     investees                                                                                12              18
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Subtotal                                                                                     365             164
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Fixed charges
   Interest charges                                                                          351             394
   Interest factor of operating rents                                                         92              96
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Total fixed charges                                                                          443             490
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Earnings, as adjusted                                                                $       808     $       654
                                                                                     -------------------------------

Ratio of earnings to fixed charges                                                          1.82            1.33
                                                                                     -------------------------------



Note:   The ratios of earnings to fixed charges were computed by dividing fixed
        charges into the sum of earnings (after certain adjustments) and fixed
        charges. Earnings include income from continuing operations before
        income taxes, plus net losses in equity method investees, less
        capitalized interest. Fixed charges include interest on all debt of
        continuing operations, including amortization of debt issuance costs,
        and the interest component of operating rents.