Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.

RATIOS OF EARNINGS TO FIXED CHARGES

	Three Months Ended March 31,
	2006			2005
	(As Restated)			(As Restated)
	(Dollars in Thousands)
EARNINGS:
Income before income taxes and minority interest	$	79,043		$	377,571
Add (deduct):
Equity in earnings of unconsolidated entities	(19,805		)	(14,751		)
Distributions from unconsolidated entities	5,676			1,520
Minority interests in pre-tax income of subsidiaries that do not have fixed charges	(3,149		)	(2,450		)
	61,765			361,890
Add fixed charges:
Consolidated interest expense	58,532			51,856
Interest portion (1/3) of consolidated rent expense	10,150			9,960
	$	130,447		$	423,706
FIXED CHARGES:
Consolidated interest expense	$	58,532		$	51,856
Interest portion (1/3) of consolidated rent expense	10,150			9,960
	$	68,682		$	61,816
RATIO OF EARNINGS TO FIXED CHARGES	1.90			6.85
Tax-effected preferred dividends	$	87		$	81
Fixed charges	68,682			61,816
Fixed charges and preferred dividends	$	68,769		$	61,897
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS	1.90			6.85