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

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Exhibit 12.4

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

For the Three Months ended March 31, 2003
(Dollars In Thousands)
As Restated

EARNINGS:
	Income from continuing operations before income taxes and minority interest				$	908
		Add (Deduct):
			Earnings on Equity Method Investments			(12,750	)
			Distributions from Minority Subsidiaries			13,615
			Minority interest in pre-tax income of subsidiaries that do not have fixed charges			(3,153	)
						(1,380	)
		Add fixed charges:
			Consolidated interest expense			49,560
			Interest Portion (1/3) of Consolidated Rent Expense			6,865
					$	55,045
FIXED CHARGES:
			Consolidated interest expense		$	49,560
			Interest Portion (1/3) of Consolidated Rent Expense			6,865
					$	56,425
RATIO OF EARNINGS TO FIXED CHARGES						NA
			Tax-Effected Preferred Dividends		$	179
			Fixed Charges			56,425
				Fixed Charges and Preferred Dividends	$	56,604
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS						NA

The dollar deficiency resulting in less than one-to-one coverage is $1,380 for the ratio of earnings to fixed charges and $1,559 for the ratio of earnings to fixed charges and preferred dividends.

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TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Three Months ended March 31, 2003 (Dollars In Thousands) As Restated