Telephone and Data Systems (TDS) 10-K/A 2003 FY Annual report (amended)

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Exhibit 12.2

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

For the Nine Months ended September 30, 2003
(Dollars In Thousands)
As Restated

EARNINGS:
	Income from continuing operations before income taxes and minority interest				$	96,418
		Add (Deduct):
			Earnings on Equity Method Investments			(37,911	)
			Distributions from Minority Subsidiaries			21,685
			Minority interest in pre-tax income of subsidiaries that do not have fixed charges			(9,289	)
						70,903
		Add fixed charges:
			Consolidated interest expense			145,635
			Interest Portion (1/3) of Consolidated Rent Expense			20,596
					$	237,134
FIXED CHARGES:
			Consolidated interest expense		$	145,635
			Interest Portion (1/3) of Consolidated Rent Expense			20,596
					$	166,231
RATIO OF EARNINGS TO FIXED CHARGES						1.43
			Tax-Effected Preferred Dividends		$	535
			Fixed Charges			166,231
				Fixed Charges and Preferred Dividends	$	166,766
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS						1.42

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TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Nine Months ended September 30, 2003 (Dollars In Thousands) As Restated