Exhibit 12

AMERICAN TOWER CORPORATION

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

The following table reflects the computation of the ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends for the periods presented (in thousands):

											Nine Months Ended September 30,
	2009		2010		2011		2012		2013		2014
Computation of Earnings:
Income from continuing operations before income taxes and income on equity method investments	$	421,487	$	556,025	$	506,895	$	701,294	$	541,749	$	671,479
Add:
Interest expense (1)		251,291		247,504		313,328		403,150		459,779		433,865
Operating leases		82,522		90,001		109,817		125,706		148,573		147,723
Amortization of interest capitalized		2,751		2,819		2,218		2,315		2,406		1,884
Earnings as adjusted		758,051		896,349		932,258		1,232,465		1,152,507		1,254,951
Computation of fixed charges and combined fixed charges and preferred stock dividends:
Interest expense (1)		251,291		247,504		313,328		403,150		459,779		433,865
Interest capitalized		495		1,011		2,096		1,926		1,817		2,132
Operating leases		82,522		90,001		109,817		125,706		148,573		147,723
Fixed charges		334,308		338,516		425,241		530,782		610,169		583,720
Dividends declared on preferred stock		—		—		—		—		—		12,075
Combined fixed charges and preferred stock dividends		334,308		338,516		425,241		530,782		610,169		595,795
Excess in earnings required to cover fixed charges	$	423,743	$	557,833	$	507,017	$	701,683	$	542,338	$	671,231
Ratio of earnings to fixed charges (2)		2.27		2.65		2.19		2.32		1.89		2.15
Excess in earnings required to cover combined fixed charges and preferred stock dividends	$	423,743	$	557,833	$	507,017	$	701,683	$	542,338	$	659,156
Ratio of earnings to combined fixed charges and preferred stock dividends		2.27		2.65		2.19		2.32		1.89		2.11

(1) Interest expense includes amortization of deferred financing costs. Interest expense also includes an amount related to our capital lease with TV Azteca.

(2) For the purposes of this calculation, “earnings” consists of income from continuing operations before income taxes and income on equity method investments, as well as fixed charges (excluding interest capitalized and amortization of interest capitalized). “Fixed charges” consists of interest expensed and capitalized, amortization of debt discounts, premiums and related issuance costs and the component of rental expense associated with operating leases believed by management to be representative of the interest factor thereon.