1 Exhibit 12.1 World Access, Inc. Schedule of Earnings to Fixed Charges Year Ended Six Months Ended December 31 June 30 1994 1995 1996 1997 1998 1998 1999 ------- ----- -------- ------- --------- -------- ------ (DOLLARS IN THOUSANDS) Earnings: Income (loss), excluding minority interest in pre-tax earnings of subsidiaries, before income taxes from continuing operations $(2,079) $(389) $(1,155) $13,142 $(117,695) $(21,273) $17,750 Interest expense 523 449 40 1,040 6,832 2,958 4,604 Amortization of debt issue costs 48 48 57 226 409 413 529 Portion of rents representative of an interest factor 70 130 231 353 630 191 551 ------- ----- ------- ------- --------- -------- ------- Total earnings $(1,438) $ 238 $ (827) $14,761 $(109,824) $(17,711) $23,434 ======= ===== ======= ======= ========= ======== ======= Fixed Charges: Interest expense $ 523 $ 449 $ 40 $ 1,040 $ 6,832 $ 2,958 $ 4,604 Amortization of debt issue costs 48 48 57 226 409 413 529 Portion of rents representative of an interest factor 70 130 231 353 630 191 551 ------- ----- ------- ------- --------- -------- ------- Total fixed charges $ 641 $ 627 $ 328 $ 1,619 $ 7,871 $ 3,562 $ 5,684 ======= ===== ======= ======= ========= ======== ======= Ratio of Earnings to Fixed Charges 9.1 4.1 ======= ========= Deficiency of Earnings to Fixed Charges $(2,079) $(389) $(1,155) $(117,695) $(21,273) ======= ===== ======= ========= ========