EXHIBIT 12 UNITED STATES CELLULAR CORPORATION RATIOS OF EARNINGS TO FIXED CHARGES FOR THE YEAR ENDED DECEMBER 31, 1998 (DOLLARS IN THOUSANDS, EXCEPT RATIO AMOUNTS) EARNINGS: Income from Continuing Operations before income taxes.......................... $ 388,112 Add (Deduct): Minority Share of Losses from Majority-owned Subsidiaries.................. (406) Earnings on Equity Method.................................................. (42,451) Distributions from Minority Subsidiaries................................... 27,083 --------- $ 372,338 Add fixed charges: Consolidated Interest Expense.............................................. 35,705 Deferred Debt Amortization Expense......................................... 4,067 Interest Portion ( 1/3) of Consolidated Rent Expense....................... 8,076 --------- $ 420,186 FIXED CHARGES: Consolidated Interest Expense.................................................. $ 35,705 Deferred Debt Amortization Expense............................................. 4,067 Interest Portion ( 1/3) of Consolidated Rent Expense........................... 8,076 --------- $ 47,848 --------- --------- RATIO OF EARNINGS TO FIXED CHARGES............................................... 8.78 --------- --------- FIXED CHARGES AND PREFERRED DIVIDENDS: Tax-effected Preferred Dividends............................................... $ 59 Fixed Charges.................................................................. 47,848 --------- $ 47,907 --------- --------- RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS....................... 8.77 --------- ---------