Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.

RATIOS OF EARNINGS TO FIXED CHARGES

	Six Months Ended June 30,
	2006			2005
	(Dollars in Thousands)
EARNINGS:
Income before income taxes and minority interest	$	392,617		$	229,378
Add (deduct):
Earnings on equity method investments	(42,296		)	(32,942		)
Distributions from unconsolidated entities	37,399			28,210
Minority interests in pre-tax income of subsidiaries that do not have fixed charges	(5,668		)	(4,161		)
	$	382,052		$	220,485
Add fixed charges:
Consolidated interest expense	117,820			106,388
Interest portion (1/3) of consolidated rent expense	20,074			16,899
	$	519,946		$	343,772
FIXED CHARGES:
Consolidated interest expense	$	117,820		$	106,388
Interest portion (1/3) of consolidated rent expense	20,074			16,899
	$	137,894		$	123,287
RATIO OF EARNINGS TO FIXED CHARGES	3.77			2.79
Tax-effected preferred dividends	$	173		$	171
Fixed charges	137,894			123,287
Fixed charges and preferred dividends	$	138,067		$	123,458
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS	3.77			2.78