<Page> Exhibit 12.2 UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES <Table> <Caption> (Restated) Year Ended December 31, 2000 ---------------------- (Dollars in thousands) EARNINGS Loss before income taxes $ 369,536 Add (Deduct): Earnings on equity method (43,727) Distributions from minority subsidiaries 20,041 Minority share of losses from majority owned subsidiaries (346) ---------------------- $ 345,504 Add fixed charges: Consolidated interest expense $ 35,826 Deferred debt expense 782 Interest portion (1/3) of consolidated rent expense 10,933 ---------------------- $ 393,045 ====================== FIXED CHARGES Consolidated interest expense $ 35,826 Deferred debt expense 782 Interest portion (1/3) of consolidated rent expense 10,933 ---------------------- $ 47,541 ====================== RATIO OF EARNINGS TO FIXED CHARGES 8.27 ====================== Tax-effected preferred dividends $ 121 Fixed charges 47,541 ---------------------- Fixed charges and preferred dividends $ 47,662 ====================== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 8.25 ====================== </Table>