United States Cellular Corporat (UZD) 10-K/A 2003 FY Annual report (amended)

Exhibit 12.1

UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Twelve Months Ended December 31, 2003

(Dollars In Thousands)
As Restated

EARNINGS:
	Income (loss) before income taxes and minority interest			$	106,150
		Add (Deduct):
			Earnings on Equity Method Investments		(52,063	)
			Distributions from Minority Subsidiaries		44,833
			Minority interest in income of majority-owned subsidiaries that do not have fixed charges		(14,622	)
					84,298
		Add fixed charges:
			Consolidated interest expense		63,048
			Deferred Debt Amortization Expense		1,559
			Interest Portion (1/3) of Consolidated Rent Expense		17,412
				$	166,317
FIXED CHARGES:
			Consolidated interest expense	$	63,048
			Deferred Debt Amortization Expense		1,559
			Interest Portion (1/3) of Consolidated Rent Expense		17,412
				$	82,019
RATIO OF EARNINGS TO FIXED CHARGES					2.03