Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.

RATIOS OF EARNINGS TO FIXED CHARGES

	Nine months ended September 30,
	2005				2004
					(As Restated)
	(Dollars in thousands)
EARNINGS:
Income before income taxes and minority interest	$	312,601			$	172,528
Add (deduct):
Earnings on equity method investments	(51,007			)	(48,911			)
Distributions from unconsolidated entities	31,488				23,718
Minority interests in pre-tax income of subsidiaries that do not have fixed charges	(6,931			)	(7,381			)
	286,151				139,954
Add fixed charges:
Consolidated interest expense	160,240				147,378
Interest portion (1/3) of consolidated rent expense	25,348				22,215
	$	471,739			$	309,547
FIXED CHARGES:
Consolidated interest expense	$		160,240		$		147,378
Interest portion (1/3) of consolidated rent expense	25,348				22,215
	$		185,588		$		169,593
RATIO OF EARNINGS TO FIXED CHARGES	2.54				1.83
Tax-effected preferred dividends	$		256		$		225
Fixed charges	185,588				169,593
Fixed charges and preferred dividends	$		185,844		$		169,818
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS	2.54				1.82