Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.
RATIOS OF EARNINGS TO FIXED CHARGES

		Six Months Ended June 30,
		2005			2004
		(Dollars in thousands)
EARNINGS:
Income before income taxes and minority interest	$	226,216		$	125,195
Add (deduct):
Earnings on equity method investments		(30,753	)		(33,162	)
Distributions from unconsolidated entities		28,210			7,484
Minority interests in pre-tax income of subsidiaries
that do not have fixed charges		(3,931	)		(4,955	)
		219,742			94,562
Add fixed charges:
Consolidated interest expense		106,389			95,243
Interest portion (1/3) of consolidated rent expense		19,385			13,804
	$	345,516		$	203,609
FIXED CHARGES:
Consolidated interest expense	$	106,389		$	95,243
Interest portion (1/3) of consolidated rent expense		19,385			13,804
	$	125,774		$	109,047
RATIO OF EARNINGS TO FIXED CHARGES		2.75			1.87
Tax-effected preferred dividends	$	171		$	166
Fixed charges		125,774			109,047
Fixed charges and preferred dividends	$	125,945		$	109,213
RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED DIVIDENDS		2.74			1.86