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Exhibit 12.3

UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Six Months ended June 30, 2003

(Dollars In Thousands)
As Restated

EARNINGS:
	Income (loss) before income taxes and minority interest			$	(8,637	)
		Add (Deduct):
			Earnings on Equity Method Investments		(25,862	)
			Distributions from Minority Subsidiaries		17,564
			Minority interest in income of majority-owned subsidiaries that do not have fixed charges		(6,071	)
					(23,006	)
		Add fixed charges:
			Consolidated interest expense		31,139
			Deferred Debt Amortization Expense		759
			Interest Portion (1/3) of Consolidated Rent Expense		11,734
				$	20,626
FIXED CHARGES:
			Consolidated interest expense	$	31,139
			Deferred Debt Amortization Expense		759
			Interest Portion (1/3) of Consolidated Rent Expense		11,734
				$	43,632
RATIO OF EARNINGS TO FIXED CHARGES					NA

        The dollar deficiency resulting in less than one-to-one coverage is $23,006 for the ratio of earnings to fixed charges.

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UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES For the Six Months ended June 30, 2003 (Dollars In Thousands) As Restated