Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.

RATIOS OF EARNINGS TO FIXED CHARGES

	Three Months Ended March 31,
	2005				2004
	(As Restated)				(As Restated)
	(Dollars in Thousands)
EARNINGS:
Income before income taxes and minority interest	$	46,207			$	40,598
Add (deduct):
Earnings on equity method investments	(14,754			)	(14,127			)
Distributions from unconsolidated entities	1,520				3,683
Minority interests in pre-tax income of subsidiaries that do not have fixed charges	(2,164			)	(2,972			)
	30,809				27,182
Add fixed charges:
Consolidated interest expense	51,856				46,821
Interest portion (1/3) of consolidated rent expense	8,449				7,405
	$	91,114			$	81,408
FIXED CHARGES:
Consolidated interest expense	$		51,856		$		46,821
Interest portion (1/3) of consolidated rent expense	8,449				7,405
	$		60,305		$		54,226
RATIO OF EARNINGS TO FIXED CHARGES	1.51				1.50
Tax-effected preferred dividends	$		82		$		85
Fixed charges	60,305				54,226
Fixed charges and preferred dividends	$		60,387		$		54,311
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS	1.51				1.50