SBA Communications (SBAC) S-4/A Registration of securities issued in business combination transactions (amended)

Exhibit 12.1

Ratio/Deficiency of Earnings to Fixed Charges

	Year ended December 31,
	2000			2001			2002			2003			2004
	(dollars in thousands)
Earnings:
Loss from continuing operations	$	(34,247	)	$	(139,996	)	$	(202,032	)	$	(173,076	)	$	(143,313	)
Plus: fixed charges, less preferred dividends		38,747			87,333			96,703			104,798			86,076
Total Earnings		4,500			(52,663	)		(105,329	)		(68,278	)		(57,237	)
Fixed Charges:
Interest expense – cash		4,879			47,713			54,822			81,501			47,460
Capitalized Interest		3,515			3,475			1,672			70			14
Interest expense – non cash		23,000			25,843			29,038			9,277			28,082
Amortization of debt issue costs		3,006			3,887			4,480			5,115			3,445
Interest component of operating leases		4,347			6,415			6,691			8,835			7,075
Total fixed charges		38,747			87,333			96,703			104,798			86,076
Total deficiency	$	34,247		$	139,996		$	202,032		$	173,076		$	143,313
Ratio of earnings to fixed charges		0.12x			—			—			—			—