.
.
.
Exhibit 12.1
ROGERS WIRELESS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of Canadian dollars)
CANADIAN GAAP
Nine Months
Ended Pro Forma Year Pro Forma Nine
Year Ended December 31, September 30, Ended Months Ended
--------------------------------------------- ------------- December 31, September 30,
1999 2000 2001 2002 2003 2003 2004 2003 2004
---- ---- ---- ---- ---- ---- ---- -------------- --------------
Fixed charges
Interest expense ........ 161,804 128,040 184,330 195,150 193,607 147,049 152,422 491,272 321,278
Amortization of
deferred financing costs 1,949 3,626 4,889 5,536 5,417 4,063 3,515 8,999 6,201
Interest expense included
in rent expense ....... 10,630 9,970 10,200 10,500 11,667 8,160 9,197 11,667 9,197
------- ------- ------- ------- ------- ------- ------- ------- -------
174,383 141,636 199,419 211,186 210,691 159,272 165,134 511,938 336,676
======= ======= ======= ======= ======= ======= ======= ======= =======
Earnings
Pre tax income (loss) ... (59,841) (81,604) (198,616) (85,640) 140,257 140,356 165,118 (39,877) (35,551)
Fixed charges ........... 174,383 141,636 199,419 211,186 210,691 159,272 165,134 511,938 336,676
------- ------- ------- ------- ------- ------- ------- ------- -------
114,542 60,032 803 125,546 350,948 299,628 330,252 472,061 301,125
======= ======= ======= ======= ======= ======= ======= ======= =======
Ratio of earnings to fixed
charges .................. -- -- -- -- 1.67 1.88 2.00 -- --
======= ======= ======= ======= ======= ======= ======= ======= =======
Deficiency of earnings
available to cover fixed
charges .................. 59,841 81,604 198,616 85,640 -- -- -- 39,877 35,551
======= ======= ======= ======= ======= ======= ======= ======= =======
US GAAP
Nine Months
Ended
Year Ended December 31, September 30,
------------------------------------------------ ---------------
1999 2000 2001 2002 2003 2003 2004
---- ---- ---- ---- ---- ---- ----
Fixed charges
Interest expense ....................... 161,804 124,785 168,496 188,689 187,914 142,706 147,945
Capitalized interest ................... -- 3,255 15,834 6,461 5,693 4,343 4,477
Amortization of deferred financing costs 1,949 3,626 4,889 5,536 5,417 4,063 3,515
Interest expense in rent expense ....... 10,630 9,970 10,200 10,500 11,667 8,160 9,197
------- ------- ------- ------- ------- ------- -------
174,383 141,636 199,419 211,186 210,691 159,272 165,134
======= ======= ======= ======= ======= ======= =======
Earnings
Pre tax income (loss) .................. (33,316) (97,822) (184,478) 9,670 43,171 65,679 146,673
Fixed charges .......................... 174,383 141,636 199,419 211,186 210,691 159,272 165,134
Amortization of capitalized interest ... -- 203 1,397 2,790 3,549 2,649 3,139
Capitalized interest ................... -- (3,255) (15,834) (6,461) (5,693) (4,343) (4,477)
------- ------- ------- ------- ------- ------- -------
141,067 40,762 504 217,185 251,718 223,257 310,469
======= ======= ======= ======= ======= ======= =======
Ratio of earnings to fixed charges ............. -- -- -- 1.03 1.19 1.40 1.88
======= ======= ======= ======= ======= ======= =======
Deficiency of earnings available to cover
fixed charges ................................ 33,316 100,874 198,915 -- -- -- --
======= ======= ======= ======= ======= ======= =======