Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.

RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

			Three Months Ended March 31,
			2011			2010
(Dollars in thousands)
EARNINGS:
	Income before income taxes		$	81,161		$	100,192
	Add (deduct):
		Equity in earnings of unconsolidated entities		(19,388	)		(24,903	)
		Distributions from unconsolidated entities		8,439			7,243
		Amortization of capitalized interest		266			208
		Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges		(4,988	)		(5,476	)
				65,490			77,264
	Add fixed charges:
		Consolidated interest expense (1)		28,099			28,958
		Interest portion (1/3) of consolidated rent expense		12,817			12,482
			$	106,406		$	118,704
FIXED CHARGES:
		Consolidated interest expense (1)	$	28,099		$	28,958
		Capitalized interest		1,927			923
		Interest portion (1/3) of consolidated rent expense		12,817			12,482
			$	42,843		$	42,363
RATIO OF EARNINGS TO FIXED CHARGES				2.48			2.80
		Tax-effected preferred dividends	$	19		$	20
		Fixed charges		42,843			42,363
		Fixed charges and preferred dividends	$	42,862		$	42,383
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS				2.48			2.80

(1)Interest expense on income tax contingencies is not included in fixed charges.