Exhibit 12 UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES Three Months Ended March 31, 1997 ---------------------- (Dollars in thousands) EARNINGS Income from Continuing Operations before income taxes $ 32,400 Add (Deduct): Minority Share of Cellular Losses (76) Earnings on Equity Method (18,383) Distributions from Minority Subsidiaries 4,873 ----------------- $ 18,814 Add fixed charges: Consolidated interest expense 5,603 Interest Portion (1/3) of Consolidated Rent Expense 1,031 ----------------- $ 25,448 ================= FIXED CHARGES Consolidated interest expense $ 5,603 Interest Portion (1/3) of Consolidated Rent Expense 1,031 ----------------- $ 6,634 ================= RATIO OF EARNINGS TO FIXED CHARGES 3.84 ================= Tax-Effected Preferred Dividends $ -- Fixed Charges 6,634 ----------------- Fixed Charges and Preferred Dividends $ 6,634 ================= RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 3.84 =================