MEDIAONE GROUP, INC. RATIO OF EARNINGS (LOSS) TO FIXED CHARGES (DOLLARS IN MILLIONS) QUARTER ENDED YEAR ENDED ------------------------ ------------------------------------------------------------- 03/31/98 03/31/97 12/31/97 12/31/96 12/31/95 12/31/94 12/31/93 ----------- ----------- --------- ----------- ----------- ----------- ----------- Income (loss) from continuing operations... $ (328) $ (270) $ (1,207) $ (537) $ (94) $ 69 $ (217) Interest expense (net of amounts capitalized)............................. 150 174 678 164 98 61 24 Interest factor on rentals (1/3)........... 4 5 14 12 12 17 14 Equity losses in unconsolidated ventures (less than 50% owned).................... 75 105 690 168 66 -- -- Guaranteed minority interest expense....... 22 22 87 55 14 -- -- ----- ----- --------- ----- ----- ----- ----- Earnings (loss)............................ $ (77) $ 36 $ 262 $ (138) $ 96 $ 147 $ (179) ----- ----- --------- ----- ----- ----- ----- ----- ----- --------- ----- ----- ----- ----- Interest expense........................... $ 160 $ 178 $ 714 $ 202 $ 131 $ 68 $ 24 Interest factor on rentals (1/3)........... 4 5 14 12 12 17 14 Guaranteed minority interest expense....... 22 22 87 55 14 -- -- ----- ----- --------- ----- ----- ----- ----- Fixed charges.............................. $ 186 $ 205 $ 815 $ 269 $ 157 $ 85 $ 38 ----- ----- --------- ----- ----- ----- ----- ----- ----- --------- ----- ----- ----- ----- Ratio of earnings to fixed charges......... -- -- -- -- -- 1.73 -- Deficiency................................. $ 263 $ 169 $ 553 $ 407 $ 61 $ -- $ 217 ----- ----- --------- ----- ----- ----- -----