Exhibit 12.1

Terremark Worldwide

Computation of Ratio of Earnings to Fixed Charges

For the periods indicated

																							Pro Forma
			Year Ended March 31,															Six Months Ended September 30,					Six Months Ended September 30,			Year Ended March 31,
			2000			2001			2002			2003			2004			2003			2004		2004			2004
Earnings
	Pretax income from continuing operations before minority interests		$	(6,033,232	)	$	(21,373,251	)	$	(57,372,215	)	$	(41,227,305	)	$	(22,490,577	)	$	(7,877,589	)	$	2,237,562	$	525,546	$	(28,826,165	)
	Fixed charges			870,101			2,136,348			12,975,450			13,007,683			17,224,922			7,225,547			7,733,148		11,544,456		26,201,013
Less:
	Capitalized interest			(41,038	)		(605,332	)		(891,644	)		—			—			—			—		—		—
		Total earnings	$	(5,204,169	)	$	(19,842,235	)	$	(45,288,409	)	$	(28,219,622	)	$	(5,265,655	)	$	(652,042	)	$	9,970,710	$	12,070,002	$	(2,625,152	)
Fixed Charges
	Interest expense		$	804,785		$	1,097,683		$	9,750,473		$	11,007,683		$	14,624,922		$	6,225,547		$	6,433,148	$	11,537,372	$	24,833,370
	Interest capitalized			41,038			605,332			891,644			—			—			—			—		—		—
	Interest included in rental expense (33%)			24,278			433,333			2,333,333			2,000,000			2,600,000			1,000,000			1,300,000		7,083		1,367,643
		Total fixed charges		870,101			2,136,348			12,975,450			13,007,683			17,224,922			7,225,547			7,733,148		11,544,455		26,201,013
Ratio of earnings to fixed charges				—			—			—			—			—			—			1.29		1.05		—
Deficiency of earnings available to cover fixed charges			$	6,074,270		$	21,978,583		$	58,263,859		$	41,227,305		$	22,490,577		$	7,877,589			—		—	$	28,826,165

Note: The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations elsewhere in this Registration Statement.