Exhibit 12 UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES Six Months Ended June 30, 1998 ---------------- (Dollars in thousands) EARNINGS Income from Continuing Operations before income taxes $ 271,260 Add (Deduct): Minority Share of Cellular Losses (227) Earnings on Equity Method (20,890) Distributions from Minority Subsidiaries 11,468 ----------------- $ 261,611 Add fixed charges: Consolidated interest expense 17,855 Deferred debt expense 2,033 Interest Portion (1/3) of Consolidated Rent Expense 2,862 ----------------- $ 284,361 ================= FIXED CHARGES Consolidated interest expense 17,855 Deferred debt expense 2,033 Interest Portion (1/3) of Consolidated Rent Expense 2,862 ----------------- $ 22,750 ================= RATIO OF EARNINGS TO FIXED CHARGES 12.50 ================= Tax-Effected Preferred Dividends $ -- Fixed Charges 22,750 ----------------- Fixed Charges and Preferred Dividends $ 22,750 RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 12.50 =================